U.S. #2071
1984 20¢ Federal Deposit Insurance Corporation
- Commemorates 50th anniversary of Federal Deposit Insurance Corporation (FDIC)
- First stamp to include the dollar sign as a central part of the vignette
- The first of four 1984 government agency stamps that were printed in one sheet using the “quadrant” plate printing technique... more
U.S. #2071
1984 20¢ Federal Deposit Insurance Corporation
- Commemorates 50th anniversary of Federal Deposit Insurance Corporation (FDIC)
- First stamp to include the dollar sign as a central part of the vignette
- The first of four 1984 government agency stamps that were printed in one sheet using the “quadrant” plate printing technique
Stamp Category: Commemorative
Value: 20¢, rate for first-class mail
First Day of Issue: January 12, 1984
First Day City: Washington, DC
Quantity Issued: 103,475,000
Printed by: Bureau of Engraving and Printing
Printing Method: Photogravure
Format: Pane of 50 in Sheets of 200 (1 pane each of #2071, 2074, 2075, and 2081)
Perforations: 11
Why the stamp was issued: For the 50th anniversary of the Federal Deposit Insurance Corporation (FDIC).
About the stamp design: Designed by Michael David Brown, the FDIC stamp prominently features a pillar with a dollar sign on it, to symbolize the stability of FDIC banks.
About the printing process: The FDIC stamp was the first postage stamp issued using a relatively new “quadrant” plate printing technique. (It had been used the year before for Official stamps.). The USPS created 200-subject plates with 50-stamp panes that each had a different stamp. The FDIC stamp pane was in the upper left quadrant, the Soil and Water Conservation stamp (#2074) in the upper right pane, the National Archives stamp (#2081) in the lower left pane, and the Federal Credit Union stamp (#2075) in the lower right pane.
First Day City: This stamp was issued at the FDIC’s headquarters in Washington, DC, with the agency’s chairman part of the ceremony.
History the stamp represents: The sudden closing of banks during the Great Depression left many people penniless, and those who did have money were hesitant to deposit it in banks for fear of losing their assets. Created as a result of the Banking Act of 1933, the Federal Deposit Insurance Corporation (FDIC) attempted to renew confidence in banks by insuring money deposited in member banks, up to $5,000 per account. That figure rose to $250,000 per account in recent years. The agency also monitors financial institutions for soundness, protects consumers, and manages banks that fail.
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