The Federal Deposit Insurance Corporation (FDIC) is an independent agency established by Congress with the purpose of upholding stability and public confidence in the nation's financial system. It insures deposits, oversees financial institutions for safety and consumer protection, resolves large financial institutions, and manages receiverships.
Additionally, the FDIC offers resources, analysis, and news pertaining to the banking industry to various stakeholders including consumers, bankers, and analysts. Its role is crucial in maintaining the integrity and security of the financial sector in the United States.
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