Federal Deposit Insurance Corporation is the correct answer.
It is a separate government organization established in 1933 with the goal of enhancing public trust in and stability of the country's financial sector.
Every time an FDIC-insured bank or savings organization has collapsed throughout its existence, the FDIC has promptly given bank clients access to their insured accounts.
The FDIC has two roles in the case of a bank failure. First, the FDIC provides depositors with insurance up to a insurance limit in its capacity as that of the insurance of the bank's deposits. Second, the FDIC, acting as the bank's "Receiver," takes on the responsibility of selling or collecting the bank's assets and paying off its debts, particularly claims for deposits that exceed the insured limit.
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