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.
