What is the role of the FDIC?

The role of the FDIC, or Federal Deposit Insurance Corporation, is primarily to provide insurance for deposit accounts in member banks, protecting depositors by covering their funds up to $250,000. This means that if a bank fails, the FDIC will ensure that customers do not lose their insured deposits, thus maintaining public confidence in the banking system.

Additionally, the FDIC is involved in the regulation and oversight of banks to promote stability and public trust in the financial system. This includes monitoring banks to ensure they are operating safely and soundly.

The other options do not accurately reflect the FDIC's functions. The FDIC does not provide loans directly to homeowners, regulate mortgage rates, or offer financial advice to consumers. Instead, its primary focus is on protecting depositors and ensuring the integrity of the banking system.