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LEAD PARTNER: Federal Deposit Insurance Corporation (FDIC)

March 29, 2017

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has lost a penny of FDIC-insured funds. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

The FDIC supports initiatives to encourage economic inclusion because public confidence in the mainstream financial system is stronger when a broad range of people have a relationship with a bank. The FDIC conducts research to better understand financial services use by unbanked and underbanked consumers, including people with disabilities. The agency also leads financial education and outreach activities to encourage banks and community leaders to collaborate to promote improved access to safe and affordable financial services. FDIC offers a suite of free financial education curricula, Money Smart, for all ages and offers financial education resources and training to organizations serving youth under the Workforce Innovation and Opportunity Act (WIOA). To learn more about FDIC’s educational resources, visit