| Attn: Financial Department Hereby we would like to inform you about the latest alterations in the FDIC temporary coverage.
From December 31, 2010, through December 31, 2012 all funds in a "noninterest-bearing transaction account" are insured in full by the FDIC. Please note, that this coverage is temporary and separate from the FDIC's common deposit insurance regulations. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which no interest is paid by the insured depository institution.
For more information about this temporary FDIC arrangement, please view the official site http://www.fdic.gov/. Yours faithfully, Federal Deposit Insurance Corporation. |
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