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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
Late audits halt trading in Morgan Stanley-backed stocks
Updated Mar 30, 01:02 AM
WASHINGTON (AP) — Two major companies in a prominent $1.4 billion Asia investment fund managed by New York banking giant Morgan Stanley unexpectedly told securities regulators they will not file their financial statements on time and froze trading in their stocks, actions generally considered to be cause for concern. The fund's American investors include the Oregon public employees' ...
Sports Story of the Day
Notre Dame beats Baylor, advances to 5th straight Final Four
Updated Mar 29, 10:47 PM
OKLAHOMA CITY (AP) — Lindsay Allen scored 23 points to help top-seeded Notre Dame defeat Baylor 77-68 in the Oklahoma City regional final Sunday and reach its fifth consecutive Final Four. Allen, who scored a career-high 28 points in the regional semifinal win over Stanford on Friday, followed that by making 10 of 16 shots and dropping seven assists. She was named the Most Outstanding Player ...
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