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 does not include other
accounts, such as traditional checking or demand deposit
accounts that may earn interest, NOW accounts, money-market
deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs").
For more information about
temporary FDIC insurance coverage of transaction accounts, visit
www.fdic.gov. |