The U.S. Congress instituted a system of deposit insurance for banks in:

Name: The U.S. Congress instituted a system of deposit insurance for banks in:
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The U.S. Congress instituted the Federal Deposit Insurance Corporation (FDIC) in 1934, which provides deposit insurance to protect depositors in case of bank failures. Prior to this, there was no widespread deposit insurance system in place, and bank failures were common during economic downturns.

The US Congress Instituted a System of Deposit Insurance for Banks