 | Richard Ciemny is Vice-President, Director & Branch Manager of The First National Bank of Anthony, Wichita Branch. Richard has been in the banking profession for many years in the Wichita area. He has been an active member of the Kansas Bankers Association and the Community Bankers Association of Kansas. The First National Bank of Anthony, Wichita Branch, is located at 10111 W. 21st St. North. You may contact Richard at (316) 721-9000. |
Banking & Finance
2002-11-01 15:46:00
What is the FDIC?
: What is the FDIC? What does it do?
ANSWER: The Federal Deposit Insurance Corporation (FDIC) was established by Congress in 1933 to insure deposits and to help maintain sound conditions in our banking system. An independent agency of the federal government, the FDIC insures deposits in banks and savings associations for up to $100,000. The FDIC examines and supervises state-chartered banks that are not members of the Federal Reserve System (also known as "state non-member" banks). The FDIC also promotes public confidence in the banking system. The FDIC enforces compliance by state non-member banks with consumer protection, fair lending, and civil rights laws. The Corporation also assesses compliance through on-site examinations, community outreach, investigation of complaints and inquiries, and other efforts.FDIC's Consumer Affairs Specialists are responsible for keeping abreast of changes to existing consumer protection rules and regulations to ensure that your concerns are addressed quickly and accurately.
