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FDIC Consumer News - Fall 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.

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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FDIC Consumer News
is published by the
Federal Deposit Insurance Corporation

Donna Tanoue
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
Internet: jrosenstein@fdic.gov
Fax: (202) 898-3870

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FDIC, Public Information Center,
801 17th Street, NW, Room100,
Washington, DC 20434
Phone: (800) 276-6003 or (703) 562-2200
Internet: publicinfo@fdic.gov
Fax: (703) 562-2296 On the Internet

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FDIC Consumer News and other consumer information from the FDIC is available on the Internet via the agency’s home page www.fdic.gov.

 

Last Updated 07/28/1999 communications@fdic.gov

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