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Home > Consumer Protection > Consumer News & Information > FDIC Consumer News - Summer 2003 |
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FDIC Consumer News - Summer 2003 |
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6. If you picked "True" you are correct.
Also, the FDIC will pay your insured deposits, including principal and interest, as soon as possible after a bank fails, usually the next business day. In most cases, the FDIC will arrange for the failed bank's depositors to become customers of a healthy bank, and depositors will have prompt access to their insured funds through the new bank.
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| Last Updated 09/15/2003 | communications@fdic.gov |
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