Bank-backing grp. since 1933

Answer:

FDIC

Hint:

This government agency insures deposits up to $250,000 per account to protect savers during financial crises.

Explanation:

This clue refers to the Federal Deposit Insurance Corporation, or FDIC, which was established in 1933 to protect bank deposits during the Great Depression. The "bank-backing grp." part hints at its role in insuring deposits, while "since 1933" points directly to its founding year. The answer is the well-known acronym for this government agency.

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General solving tip

If the clue shows an abbreviation (org., dept., inits.), the answer usually does too. Mirror the clue's form with initials or a shortened form.

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