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FDIC Consumer News
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.
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Summer 2005
A Shopper's Guide to Bank Products and Services
What to Know and Ask About
And
Also Inside
Focus on Fraud
News Briefs
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FDIC Consumer News is published by the Federal Deposit Insurance Corporation Donald E. Powell
Chairman
Elizabeth Ford
Assistant Director, Office of Public Affairs (OPA)
Jay Rosenstein
Senior Writer-Editor, OPA
Mitchell Crawley
Graphic Design
FDIC Consumer News is
produced quarterly by the Office of Public Affairs, 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.
This newsletter may be reprinted in whole or in part without permission from the FDIC. Please credit material used to FDIC Consumer News.
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Find current and past issues of FDIC Consumer News at www.fdic.gov/consumers/consumer/news/. Refer to this same index to locate the issues that are specially formatted for being reprinted in any quantity.
To receive an e-mail notice about each new issue of FDIC Consumer News posted on the FDIC Web site, with links to stories, follow instructions posted at www.fdic.gov/about/subscriptions/index.html.
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Send your story ideas, comments, and other suggestions or questions to: Jay Rosenstein, Editor
FDIC Consumer News 550 17th Street, NW Room 7100 Washington, DC 20429
E-mail: jrosenstein@fdic.gov
Fax: (202) 898-3870
For More Information
from the FDIC
Go to www.fdic.gov or call toll-free 877-ASK-FDIC – that’s 877-275-3342 – Monday through Friday
8:00 a.m. to 8:00 p.m., Eastern Time. |
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