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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. |
