Insured+Bank+Deposits

=Insured Bank Deposits= FDIC - Federal Deposit Insurance Corporation

__Description:__ Federal regulations over banking practices that protect bank depositor's money should their banks fail

__During the Depression :__ Monitored banks to ensure their practices were "profitable & fair" - Insured depositors money up to $2,500 - By 1940, insured money up to $15,000

__Today:__ Insures depositor's money up to $100,000 and soon to be moved up to $200,000

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[|Time Article]

[|fdic.gov]

[|Chicago Tribune Article]

posted by Emily Gockley