Washington / District Of Columbia / United States
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Arlington / Virginia / United States
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The Federal Deposit Insurance Corporation (FDIC) insures bank deposits up to $250,000 in order to make the banking process more secure and to support public confidence in the United States financial systems. It was created in 1933 as a reaction to the pervasive bank failings, which were characteristic of the Great Depression, and it boasts the impressive claim that depositors insured by the FDIC have not lost a single cent due to bank closings since the inception of the corporation.