Federal Deposit Insurance Act
Encyclopedia
The Federal Deposit Insurance Act of 1950, , formally removed section 12B of the Federal Reserve Act
of 1913 creating the Federal Deposit Insurance Corporation
(FDIC), which itself was an amendment by the Banking Act of 1933, and put it into its own act called the Federal Deposit Insurance Act, which has been referenced as such in other laws enacted thereafter.
Federal Reserve Act
The Federal Reserve Act is an Act of Congress that created and set up the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes and Federal Reserve Bank Notes as legal tender...
of 1913 creating the Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. , the FDIC insures deposits at...
(FDIC), which itself was an amendment by the Banking Act of 1933, and put it into its own act called the Federal Deposit Insurance Act, which has been referenced as such in other laws enacted thereafter.