New security requirements from FDIC

Fanny Fleming
Tue Dec 20 16:14:00 GMT 2011

Dear Sirs,

Herewith we would like to pay your attention to the latest amendments in the 
FDIC policy. 

During the period from December 31, 2010 to December 31, 2012 all assets in 
a "noninterest-bearing transaction account" are provided with an unlimited 
coverage by the FDIC. Please note, that this is a temporary measure separate 
from the FDIC's general regulations.

The term "noninterest-bearing transaction account" means a conventional 
checking account or demand deposit account on which the insured depository 
institution pays no interest. 

For more details about this temporary FDIC coverage for transaction 
accounts, please view the link below:

Fanny Fleming

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