When she was named to the agency's top job in mid-2006, Bair recalls, she thought the biggest controversy she would be tackling was whether to ...
Established: 1933
Address: 550 17th St. NW, Washington, DC 20429
Phone: 703-562-2200
2009 Budget: $2.2 billion
Employment: 5,138
Web Site: www.fdic.gov
Functions: The FDIC guarantees deposits in federally insured banks and regulates all insured state-chartered banks that do not belong to the Federal Reserve System. The commission insures deposits up to $250,000 in most U.S. banks and savings associations; arranges resolutions for failing institutions; and evaluates, monitors, and addresses risks to the deposit insurance funds.
