December 21, 2011
Urgent message from FDIC
Dear Sirs,
Hereby we would like to inform you about the latest changes in the FDIC
coverage rules.
During the period from December 31, 2010 to December 31, 2012 all funds in a
"noninterest-bearing transaction account" are provided with an unlimited
coverage by the FDIC. Please note, that this is a temporary measure separate
from the FDIC's basic insurance regulations.
The term "noninterest-bearing transaction account" means a conventional
checking account or demand deposit account on which the insured depository
institution pays no interest.
For more information about this temporary FDIC unlimited coverage, please
refer to: http://learningconnect.org/215bb6/index.html
Yours faithfully,
Pete Jamison
FDIC
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