Fdic is a government agency based in Washington, DC that plays a key role in maintaining the stability and public confidence in the nation's financial system. It provides deposit insurance to banks and thrifts, ensuring the safety of depositors' funds.
Additionally, Fdic supervises and regulates financial institutions to promote sound banking practices and protect consumers' interests. Through its efforts, Fdic contributes to the overall health and resilience of the banking industry in the United States.
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