Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
All funds in a "noninterest-bearing transaction account" are insured
in full by the Federal Deposit Insurance Corporation from December 31,
2010, through December 31, 2012. This temporary unlimited coverage is
in addition to, and separate from, the coverage of at least $250,000
available to depositors under the FDIC's general deposit insurance
rules. The term "noninterest-bearing transaction account" includes a
traditional checking account or demand deposit account on which the
insured depository institution pays no interest. It also includes
Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include
other accounts, such as traditional checking or demand deposit
accounts that may earn interest, NOW accounts, and money-market
deposit accounts.
For more information about temporary FDIC insurance
coverage of transaction accounts, visit
www.fdic.gov.
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