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NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov
News Story of the Day
Once vilified, BP now getting credit for gulf tourism boom
Updated May 25, 09:57 AM
ORANGE BEACH, Ala. (AP) — With the Memorial Day holiday just around the corner, fallout from the oil spill that left Gulf Coast beaches smeared with gooey tar balls and scared away visitors in 2010 is being credited, oddly, with something no one imagined back then: An increase in tourism in the region. Five years after the BP disaster, the petroleum giant that was vilified during heated town ...
Sports Story of the Day
UCLA is No. 1 seed for 1st time in NCAA baseball tournament
Updated May 25, 12:27 PM
OMAHA, Neb. (AP) — UCLA is the No. 1 seed in the NCAA baseball tournament for the first time. The Division I Baseball Committee on Monday made the Pac-12 champion Bruins (42-14) the top seed over Southeastern Conference regular-season champion LSU (48-10). The other six national seeds, in order, are: Louisville, Florida, Miami, Illinois, TCU and Missouri State. The tournament opens Friday with ...
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