Banking, FDIC, Passive income

FDIC Insurance Deposit Limits: What You Should Know

FDIC Insurance Deposit Limits: What You Should Know The Federal Deposit Insurance Corporation (FDIC) was formed in 1933 as part of the Banking Act of the same year. The formation of the FDIC was in response to the many banks that failed during the Great Depression.  The FDIC became an independent government corporation through the Banking Act of 1935. The …