Federal Deposit Insurance Corporation

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Group.png Federal Deposit Insurance Corporation   History Commons Powerbase Sourcewatch WebsiteRdf-icon.png
US-FDIC-Logo.svg
HeadquartersWashington D.C.
LeaderFederal Deposit Insurance Corporation/Chair
Staff8,713
SubpageFederal Deposit Insurance Corporation/Chair
Federal Deposit Insurance Corporation/Vice chair

The Federal Deposit Insurance Corporation (FDIC) supervises banks and insures deposits

As of May 1, 2017, the FDIC provided deposit insurance at 5,844 institutions.

Fraud

Chip Tatum and his wife were fined $115,000 for defrauding the FDIC. Their appeal was denied in 1998.[1]


References

  1. United States v. Tatum, United States Court of Appeals for the Eleventh Circuit, No. 96-3225, 1998 April 13, http://caselaw.findlaw.com/us-11th-circuit/1455258.html