Where can I find the actual government policy/statement/regulation for the FDIC's deposit insurance?

Question

I need the actual Act that contains the literature of the FDIC

Answer 1

This link will take you directly to the act. It is hugh; if printed, it is several shelves.

The table of contents doesn't really help much. Try using the index to find your specific text. Click the link at the top of the referenced page; once there use [CTRL+F] then enter the text you are looking for.

Good Luck!

Answer 2

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. The vast number of bank failures in the Great Depression spurred the United States Congress into creating an institution which would guarantee banks, inspired by the Commonwealth of Massachusetts and its Deposit Insurance Fund (DIF). The FDIC provides deposit insurance which currently guarantees checking and savings deposits in member banks up to $100,000 per depositor.

In recent years, a new product called "CDARS" Certificate of Deposit Account Registry System, invented by a retired Comptroller of US Currency, allows customers to obtain $30 Million in FDIC insured deposits, by authorizing the customer's bank to make deposits in other FDIC insured banks.

Answer 3

Hmmm

Try www.fdic.gov