!!! Overview
[{$pagename}] ([FDIC]) is a [United States federal government] corporation providing deposit insurance to depositors in [United States] [Bank]. 

[{$pagename}] was created by the [1933|Year 1933] [National Bank Act] during the Great Depression (June 16 [1933|Year 1933]) to restore [trust] in the American banking system; more than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US $2,500 per ownership category. Since the passage of the [Dodd–Frank] Wall Street Reform and Consumer Protection Act in 2011, the [{$pagename}] insures deposits in member banks up to US $250,000 per ownership category.[3]

[{$pagename}] and its reserves are not funded by public funds; member banks' insurance dues are the [{$pagename}]'s primary source of funding. The FDIC also has a US$100 billion line of credit with the [United States Department of the Treasury].

Only [Bank] are insured by the [{$pagename}]; credit unions are insured up to the same insurance limit by the [National Credit Union Administration], which is also a government agency.

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