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SESK: Stuff Everyone Should Know · sesk.info/teen-fdic-no-loss-since-1933

Since 1933, how much FDIC-insured money has a depositor lost because of a bank failure?

None, no depositor has lost a penny of insured funds.

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  1. Less than one percent
  2. None ✔
  3. About ten percent

Why: The FDIC was founded in 1933 to protect depositors. Insured deposits are paid back if the bank fails.

Huh, didn't know that: The FDIC says deposit insurance helps maintain stability and public confidence in the financial system.

The dad joke
What has a hundred heads and a hundred tails? One hundred pennies.
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References

Answer: None. The FDIC was founded in 1933 to protect depositors. Insured deposits are paid back if the bank fails.

  1. FDIC: Understanding Deposit Insurance www.fdic.gov/resources/deposit-insurance/understanding-deposit-insurance
    Since the FDIC was founded in 1933, no depositor has lost a penny of FDIC-insured funds.
    Checked 2026-10-10.

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