Front:
1.
50 YEARS
FEDERAL DEPOSIT
INSURANCE
CORPORATION
F D·I·C
EHINGTON
JAN
12
1984
20066
20c
50TH ANNIVERSARY
DC
Back:
During the early 1930's, the United States experienced
one of the worst financial crises in history — resulting
in the bankruptcy of many financial institutions, and the
loss of millions of dollars by common citizens. To help
end this crisis, the Federal Deposit Insurance Corporation
(FDIC) was established. The FDIC became fully opera-
tional in 1934, providing a way for banks to obtain
insurance to cover the funds of all their depositors. Thus,
insured banks could guarantee depositors that they
would be protected up to the limit of that insurance in
the event of the bank's failure. Today, the FDIC insures
the deposits of nearly every bank in the United States.
If an insured bank closes and is unable to pay its de-
positors, the FDIC pays them up to $100,000 each.
Nationwide, the FDIC stands behind over 14,000
banks . . . with an estimated $1.4 trillion in cumulative
deposits. To honor the fiftieth anniversary of the FDIC,
the United States Postal Service issued the stamp that is
displayed on this Maximum Card.
No. 84-6
©1984 The Maximum Card Collection
A Division of Unicover Corporation . Cheyenne, WY 82008-0007
Original painting by Jim Butcher.
