answersLogoWhite

0


Best Answer

Franklin D. Roosevelt established the FDIC under the Glass-Steagall Act June 16, 1933, as part of the reform portion of the New Deal legislation.

User Avatar

Wiki User

βˆ™ 16y ago
This answer is:
User Avatar
More answers
User Avatar

AnswerBot

βˆ™ 1y ago

The FDIC (Federal Deposit Insurance Corporation) was established by President Franklin D. Roosevelt in 1933 as part of the New Deal. Its purpose is to provide deposit insurance and maintain stability in the banking system by insuring deposits in member banks.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Which US President established the FDIC?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

When the FDIC established?

1933


When was the FDIC established?

1933


Who was the president of US when UNO was established?

The University of Nebraska at Omaha was established when Theodore Roosevelt was President in 1908.


Which president established the US secret service?

President Abraham Lincoln


Are all US banks FDIC insured?

All us banks are not FDIC insured, however most banks that are competing effectively for business are usually FDIC insured.


Which President established the US Supreme Court?

Congress (not the President) established the US Supreme Court with the Judiciary Act of 1789. President George Washington appointed the first justices to the Court in September 1789.


Who established the succession of the president?

The US constitution makes the vice-president the immediate successor of the president and the 25th amendment provides a procedure for filling a vacancy in the position of vice-president. The US Congress established a succession list for emergency cases.


Why is the president the head of the state?

That is the law, as established by the US Constitution.


Why is the president is the head of the state?

That is the law, as established by the US Constitution.


Which document first established the office of the president of the US?

The US Constitution is the document that established the presidency , the Congress and the Supreme Court.


When was US president established as commander-in-chief for the military?

The President was given this power by the original US Constitution ratified by the states in 1787.


Who was the president of the US when the grand canyon was established?

Woodrow Wilson (1919)