The term PART OF FDIC is a crossword solution that refers to the FEDERAL Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that provides deposit insurance to depositors in U.S. banks. It was created in 1933 during the Great Depression to protect depositors from losses due to bank failures. The FDIC insures deposits up to $250, 000 per depositor, per insured bank, for each account ownership category.