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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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Winter 2007/2008
A Message to Readers
The FDIC was created by Congress in 1933 to restore confidence in the U.S. banking system after thousands of banks closed during the Great Depression, and families and businesses all across America lost money deposited in those institutions. We're extremely proud of the FDIC's 75 years of service to the American people, including the fact that no depositor has ever lost a single penny of FDIC-insured funds. But there's much more to the story about how the FDIC helps and protects consumers.
The FDIC will be observing our 75th anniversary in a variety of ways during 2008, including special features in FDIC Consumer News, starting with this collection of consumer tips and information reminding you how the FDIC is still here helping to preserve and protect your money, just as we have been for generations of bank customers since 1933.
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