When President Franklin D. Roosevelt signed the Banking Act of 1933, it capped coverage at $2,500. The current cap of $250,000 covers about 98% of Americans.

Updated March 14, 2023 at 8:05 AM ET The FDIC was created 90 years ago to help the U.S. navigate a catastrophe that put thousands of banks out of business. Its mission is to keep panic and ...

The FDIC, FSLIC, and so forth were created on his watch. Conservatives often write these bits out of the New Deal in order to argue that FDR's other actions prolonged the Great Depression, but ...

The Bureau’s lawsuit alleged that FDR required consumers enrolled in its debt-settlement program to deposit money into dedicated accounts with an FDIC-insured bank and informed consumers that it ...

A LITTLE history may be in order as we ponder a U.S. Senate study of the Federal Deposit Insurance Corp. In 1932, President Herbert Hoover asked Franklin Roosevelt to support him in closing down th… ...

Aaron Klein’s well-written op-ed on the history of federal deposit insurance (“Why FDR Limited FDIC Coverage,” April 10) fails to identify governance as one of the culprits in Silicon Valley ...