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Home > Consumer Protection > Consumer News & Information > FDIC Consumer News - Spring 1998



FDIC Consumer News - Spring 1998

Important Update: FDIC Insurance Coverage Increased in Late 2008

In the fall of 2008, Congress temporarily increased the basic FDIC insurance coverage limit from $100,000 to $250,000 through December 31, 2009. In addition, the FDIC simplified the rules for the calculation of deposit insurance coverage for revocable trust deposits, including an expanded definition of the "eligible beneficiaries" for additional insurance coverage. As a result, certain previously published information related to FDIC insurance may not reflect the current insurance coverage. For more information, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342) Monday through Friday, 8:00 a.m. to 8:00 p.m., Eastern Time. For the hearing-impaired, the number is 1-800-925-4618.


New $20 Bill Due in Autumn

First the $100 and $50 bills were redesigned, primarily to help deter counterfeiting.

Stack of money
Now it’s time for the $20 bill to get a facelift with anti-fraud features and other improvements. The new version is scheduled to enter circulation this fall, the U.S. Treasury Department announced in April. The $20 note is commonly used in American commerce and it’s the bill most often dispensed by automated teller machines (ATMs).

The redesigned $20, like the new $50 bill, will include a large dark numeral on a light background on the back of the note. This will make the bill easier to identify by people with poor vision. The Treasury said that the remaining denominations — the $10, $5 and $1 — also will include this low-vision feature, as will the future redesign of the $100 note.

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Last Updated 08/02/1999 communications@fdic.gov

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