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For individuals (or rather, up to $250k UDS per account), it is. There's other opt-in systems for businesses that have different risk profiles.
by packetlost 4y ago
For individuals (or rather, up to $250k UDS per account), it is. There's other opt-in systems for businesses that have different risk profiles.
- ianai 4y ago“On June 16, 1933, President Franklin Roosevelt signed the Banking Act of 1933, a part of which established the FDIC. At Roosevelt's immediate right and left were Sen. Carter Glass of Virginia and Rep. Henry Steagall of Alabama, the two most prominent figures in the bill's development” https://www.fdic.gov/about/history/ https://www.fdic.gov/about/history/