NOTICE OF CHANGES IN TEMPORARY
FDIC INSURANCE COVERAGE FOR
TRANSACTION ACCOUNTS
 

The standard insurance amount is $250,000 per depositor, per insured bank, for each ownership category.

In October 2008, the FDIC instituted the Temporary Account Guarantee Program to provide stability during one of the most severe economic downturns in history. The program was due to expire on December 31, 2010 but has been extended up to December 31, 2012.

Temporarily, all funds in a "noninterest-bearing transaction account" are fully insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest and Interest of Lawyers Trust Accounts (IOLTA's). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

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