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Home > Consumer Protection > Consumer News & Information > FDIC Consumer News - Fall 1997



FDIC Consumer News - Fall 1997

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.

Your Wallet: An owner's Manual 

people standing in line to pay for their goods

Your Wallet: A Loser's Manual

 Protecting your credit cards, checks and sanity if your wallet is lost or stolen.
Basic Points About the Most Basic Type of
Insured Deposit - the Individual Account		 The answers to many common questions about the insurance coverage of a checking or savings account owned by just one person.
Internet Banking and Shopping:
Cyber-Buyer Beware		 Some problems and pitfalls of Internet commerce, and how you can protect yourself.
Keeping the Costs of "Loan Checks" in Check Learn about the potential risks of offers from lenders to write yourself a loan.
Treasury Issues Proposal to Deliver Most
Federal Payments Electronically		 A new proposal would carry out a law requiring electronic payment of Social Security, disability, veterans' and other federal benefits starting in 1999.
 More Information Useful addresses and phone numbers for consumers.



See other issues of FDIC Consumer News online.

Electronic: To receive e-mail notification of new issues posted to the FDIC Web site, with links to stories, follow instructions posted on www.fdic.gov/about/subscriptions/index.html.

Other consumer information on the Internet is available from the FDIC at www.fdic.gov.

FDIC Consumer News is published by the Federal Deposit Insurance Corporation
Andrew C. Hove, Jr., Chairman
Phil Battey, Director, Office of Corporate Communications
Elizabeth Ford, Assistant Director, Office of Corporate Communications
Jay Rosenstein, Senior Writer-Editor
Tommy Ballard, Graphic Design and Illustration

FDIC Consumer News is produced by the Office of Corporate Communications, in cooperation with other FDIC Divisions and Offices. It is intended to present information in a nontechnical way and is not intended to be a legal interpretation of FDIC regulations and policies. Mention of a product, service or company does not constitute an endorsement. This newsletter may be reprinted in whole or in part. Please credit material used to FDIC Consumer News.

Comments, suggestions or questions may be sent to: Jay Rosenstein, FDIC, 550 17th Street, NW, Washington, DC 20429, E-mail or Fax (202) 898-3870.

Subscriptions to FDIC Consumer News are available free of charge. Send subscription requests and address changes to: FDIC, Public Information Center, 801 17th Street, NW, Room 100, Washington DC 20434, call (800) 276-6003 or (703) 562-2200, E-mail or Fax (703) 562-2296.

Last Updated 08/03/1999 communications@fdic.gov


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