The FDIC regulates banks and insures deposits in member banks up to $250,000.

Name: The FDIC regulates banks and insures deposits in member banks up to $250,000.
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The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions. The FDIC insures deposits up to $250,000 per depositor, per insured bank, for each account ownership category.

The FDIC Regulates Banks and Insures Deposits in Member Banks