What is FDIC?
The FDIC (“Federal Deposit Insurance Corporation”) directly examines and supervises more than 4,900 United States banks for operational safety and soundness. (As of January 2011, there were just less than 10,000 banks in the United States; about half are chartered by the federal government.)
As part of its bank examinations, the FDIC often inspects the selection and implementation of file transfer technology (as part of its IT evaluation) and business processes that involve file transfer technology (as part of its overall risk assessment).
The FDIC’s official web site is www.fdic.gov.