The FDIC acts as receiver for all failed national banks in the U.S., but not for failed state-chartered banks who usually have a private receiver appointed by the state banking commission.

Question

Quizplus · Accepted Answer

The FDIC acts as receiver for both failed national banks and failed state-chartered banks that are members of the Federal Reserve System, ensuring depositors receive their insured deposits up to the insured limit.

The FDIC Acts as Receiver for All Failed National Banks