NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS All
funds in a “noninterest-bearing transaction account” are insured in
full by the Federal Deposit Insurance Corporation from December 31,
2010, through December 31, 2012. This temporary unlimited coverage is in
addition to, and separate from, the coverage of at least $250,000
available to depositors under the FDIC's general deposit insurance
rules.
The term “noninterest-bearing transaction
account” includes a traditional checking account or demand deposit
account on which the insured depository institution pays no interest. It
also includes Interest on Lawyers Trust Accounts ( IOLTAs”). It does
not include other accounts, such as traditional checking or demand
deposit accounts that may earn interest, NOW accounts and money-market
deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
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