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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
US airline probe would need proof beyond business as usual
Updated Jul 03, 09:25 AM
WASHINGTON (AP) — As the Justice Department launches an investigation into possible collusion in the airline industry, experts say the government faces the burden of proving that carriers were deliberately signaling business decisions to each other. Airlines routinely increase flights based on demand. A particularly cold winter in the Northeast, for instance, might merit more flights to the ...
Sports Story of the Day
A-Rod, Yanks settle dispute, he gets ball from 3,000th hit
Updated Jul 03, 04:05 PM
NEW YORK (AP) — Alex Rodriguez and the Yankees settled their dispute over a marketing payment with a deal announced Friday that gives $3.5 million to charitable groups, saves the team $5.5 million and gets A-Rod the home run ball from his 3,000th hit. At the time Rodriguez and the Yankees signed their $275 million, 10-year contract in December 2007, they reached a separate marketing agreement. ...
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