|
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR
TRANSACTION ACCOUNTS
All funds in a
"non-interest-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
$250,000.00 available to depositors under the FDIC's general deposit
insurance rules.
The term "non-interest-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.
|
