One of the oldest and biggest institution taking care of deposits and their pay out is The Federal Deposit Insurance Corporation (FDIC) in the USA. This organization was established as a result of the crisis in 1929 to 1933 when about 9000 banks crashed in the USA. The FDIC system was established by congress in 1933.

Prevention is better than cure

In the USA, FDIC is besides insured deposit pay outs focused also on the prevention. For FDIC it is given by law to strive to precede the crash of banks by monitoring of bank's performance on the market and applying regulating actions to achieve a safe business. The organizations, whose deposits are insured by FDIC are mandatory to provide reports every four months. FDIC then makes analyses and ratings two times in a year. The contributions to the FDIC fonds are made based on these ratings. Banks are thus required to regularly eliminate their defects and risks.

The basic insurance amount is $250,000 per depositor per insured bank. If a client of a bank has for example all the three accounts - Current, Retirement and Trustee and up to $250,000 in deposit at the same insured bank, it should be covered.