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FDIC Consumer News - Fall 2001

Important Update: Changes in FDIC Deposit Insurance Coverage

The FDIC deposit insurance rules have undergone a series of changes starting in the fall of 2008. As a result, certain previously published information related to FDIC insurance coverage may not reflect the current rules. For details about the recent changes, visit Changes in FDIC Deposit Insurance Coverage. For more information about FDIC insurance, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342). For the hearing-impaired, the number is 1-800-925-4618.

  Special Report on FDIC Insurance 

6. Sorry, that is incorrect.

The correct answer is "False."

"Customers often think that the FDIC has the option to cover their uninsured deposits if they can show they intended for their funds to be fully covered, but the deposit insurance laws don't give us that flexibility," says Kathleen Nagle of the agency's Division of Compliance and Consumer Affairs in Washington." See full story...

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Last Updated 11/23/2001 communications@fdic.gov