FDIC Home - Federal Deposit Insurance Corporation
FDIC - 75 years
FDIC Home - Federal Deposit Insurance Corporation

Skip Site Summary Navigation   Home     Deposit Insurance     Consumer Protection     Industry Analysis     Regulations & Examinations     Asset Sales     News & Events     About FDIC  

Home > Deposit Insurance > Are My Deposits Insured? > Your Insured Deposits

Your Insured Deposits

Skip Left Navigation Links
FDIC Insurance Basics
Ownership Categories
FAQs About FDIC Insurance
For More Information from the FDIC
Ownership Categories

Government Accounts
Government accounts are also known as public unit accounts. This category includes deposit accounts of:

  • The United States

  • Any state, county, municipality (or a political subdivision of any state, county, or municipality), the District of Columbia, Puerto Rico and other government possessions and territories

  • An Indian tribe

Insurance coverage of a public unit account differs from a corporation, partnership and unincorporated association account in that the coverage extends to the official custodian of the deposits belonging to the public unit rather than the public unit itself.

Each official custodian of time and savings deposits (including interest-bearing NOW accounts) of a public unit is insured up to $250,000.

Additionally, demand deposits in an insured bank located in the same state as the public unit are separately insured up to $250,000. Thus the same official custodian may receive up to $500,000 in insurance coverage – $250,000 in time and savings deposits and $250,000 in demand deposits – provided the deposits are held in an insured bank located in the same state as the public unit.

Demand deposits maintained by an official custodian of the United States will be insured separately from any time deposits maintained by the same custodian at the same insured bank, regardless of the state in which the insured bank is located.

Public unit deposits maintained in any out-of-state bank – whether time, savings or demand deposits – are limited to a maximum of $250,000 in coverage per official custodian.

Last Updated 10/04/2008 Customer Assistance Online Form

Home    Contact Us    Search    Help    SiteMap    Forms
Freedom of Information Act (FOIA) Service Center    Website Policies    USA.gov
FDIC Office of Inspector General