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FDIC Consumer News - Spring 1999

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 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.

1. Sorry, that is incorrect.

The correct answer is "False." The FDIC insures deposits in most but not all banks and savings associations. FDIC-insured institutions must display an official sign at each teller window or teller station. You also can verify whether an institution is FDIC-insured by contacting the FDIC's Division of Compliance and Consumer Affairs, as listed on the previous page, or doing a search of insured institutions at the FDIC's Internet site www.fdic.gov.

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Last Updated 07/28/1999 communications@fdic.gov