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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
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Obama: Too many troubling police interactions with blacks
Updated Apr 28, 01:22 PM
WASHINGTON (AP) — President Barack Obama said Tuesday there have been too many troubling police interactions with black citizens across American in what he called "a slow-rolling crisis." But he said there was no excuse for rioters to engage in senseless violence. He spoke as National Guard troops responded to rioting in Baltimore. Obama, the first black American president, said those in that ...
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NFL relinquishing tax-exempt status
Updated Apr 28, 01:16 PM
WASHINGTON (AP) — The National Football League is giving up its tax-exempt status, which Commissioner Roger Goodell called a "distraction." In a letter to team owners, Goodell said that the league office and its management council will file tax returns as taxable entities for the 2015 fiscal year. Goodell said the NFL has been tax-exempt since 1942, though all 32 teams pay taxes on their ...
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