Acurrent federal program from the new deal that is directly related to the banking industry is the a. fha b. wpa c. ssa d. fdic

D. FDIC

The FDIC stands for The Federal Deposit Insurance Corporation. It was created during Roosevelt's administration, as one of his New Deal Programs, under the Banking Act of 1933.

The federal corporation provided deposit insurance to depositors in U.S. commercial banks and savings institutions (in case that a bank failed as had become common at the time); it also regulated some banking practices. Its purpose was to stabilize the U.S. economy and strengthen American confidence in the banking system again.

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