New Deposit Insurance Limits
On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009. Summary of Deposit Insurance Coverage
Press Releases
Joint Release/Agencies Seek Public Comment On Proposed Rulemaking To Lower Risk Weights for Claims on, or Guaranteed by, Fannie Mae and Freddie Mac
October 7, 2008
FDIC Board Adopts Restoration Plan -- Proposes Higher Assessments on Insured Banks
October 7, 2008
Emergency Economic Stabilization Act of 2008 Temporarily Increases Basic FDIC Insurance Coverage from $100,000 to $250,000 Per Depositor
October 7, 2008
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Consumer Resources
Suze Orman
MyFDICinsurance.gov The FDIC's national public service campaign designed to help consumers learn about the benefits and limitations of deposit insurance; featuring personal finance expert Suze Orman and a link to EDIE the Estimator.
The FDIC Board of Directors met in open session on October 7, 2008; documents and video are available.
Acquisition of Washington Mutual Bank
September 25, 2008
Banking operations of Washington Mutual, Inc were sold in a transaction facilitated by the Office of Thrift Supervision (OTS) and the FDIC. All deposit accounts and all loans have been transferred to JPMorgan Chase Bank.