where does the fdic reserve fund come from
Federal Deposit Insurance Corporation The FDIC and its reserves are not funded by public funds; member banks' insurance dues are the FDIC's primary source of funding.[4] The FDIC also has a US$100 billion line of credit with the United States Department of the Treasury.[5] Only banks are insured by the FDIC; credit unions are insured up to the same insurance limit by the National Credit Union Administration, which is also a government agency.
Federal Reserve System The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.[list 1] Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.[4][9][10]