Federal Deposit Insurance Act

The Federal Deposit Insurance Act of 1950, Pub.L. 81-797, 64 Stat. 873, enacted September 21, 1950, formally removed section 12B of the Federal Reserve Act of 1913 creating the Federal Deposit Insurance Corporation (FDIC), which itself was an amendment by the Banking Act of 1933, and put it into its own act called the Federal Deposit Insurance Act, which has been referenced as such in other laws enacted thereafter.