Program Information The Federal Deposit Insurance Corporation is widely recognized as a premier regulatory agency and is frequently named one of the Federal Government???s ???Best Places to Work.??? An independent agency of the Federal government, the FDIC was created in 1933 in response to the thousands of bank failures that occurred in the 1920s and early 1930s. FDIC???s mission is to a maintain stability and public confidence in the Nation???s financial system by insuring deposits, examining and supervising financial institutions, and managing receivership. FDIC???s Vision is to recognize leader in promoting sound public policies, addressing risks in the Nation???s financial system, and carrying out our insurance, supervisory, and receivership management responsibilities.