We will obtain our data from the Federal Deposit Insurance Corporation (FDIC) website (https://www.fdic.gov/). The FDIC is an independent agency led by the US Congress with an aim to maintain the confidence of the people and the stability of the financial system.
Collecting financial data
Why FDIC?
FDIC provides deposit insurance to depositors in US commercial banks and savings institutions. Thus, if a US bank fails and closes, the FDIC guarantees that the depositors do not lose their savings. Up to US$250,000 is guaranteed.
The FDIC also examines and supervises certain financial institutions. These institutions are obliged to periodically report detailed information about their financial statements related to the following...