Today we shall help you to get the solutions to "Bank-protecting org" crossword clue, please check out the best answer below:
Understanding Today's Crossword Puzzle
In today's crossword puzzle, the clue is "Bank-protecting org." The answer for this clue is "FDIC."
The clue "Bank-protecting org." is a reference to an organization that safeguards the interests of banks and their customers. The initials "FDIC" are an acronym for the Federal Deposit Insurance Corporation.
The FDIC is an independent agency of the United States federal government. Its primary responsibility is to ensure the stability and public confidence in the country's financial system. The FDIC achieves this by insuring deposits in banks and thrift institutions for up to $250,000 per depositor, per insured bank. This insurance coverage protects the depositors in the event of a bank failure, ensuring that they will not lose their hard-earned money.
The connection between the clue "Bank-protecting org." and the answer "FDIC" is clear. The FDIC is well-known for its role in protecting banks and the funds deposited by customers. By insuring deposits, the FDIC provides a safety net for individuals and businesses, assuring them that their money is secure even if a bank faces financial difficulties.
In summary, the clue "Bank-protecting org." leads us to the answer "FDIC" because the FDIC is an organization specifically tasked with safeguarding the stability of banks and ensuring the protection of depositors' funds. Its role in insuring deposits makes it the perfect fit for this crossword clue.
Definition of "FDIC"
Federal Deposit Insurance Corporation, a body which underwrites most private bank deposits in the US.
The Crossword clue "Bank-protecting org" published 2 time/s & has 1 answer/s.
| Crossword | Date | Answer |
| Universal | 15 April 2019 | FDIC |
| Premier Sunday – King Feature Syndicate | 31 December 2006 | FDIC |
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