Federal Deposit
Insurance Corporation

From: carolyn oconnor
Sent: Friday, September 26, 2008 7:36 PM
To: Comments
Subject: Insuring Your Deposits

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Part 330
RIN 3064
 
Processing of Deposit Accounts in the Event of an Insured
Depository Institution Failure

AGENCY: Federal Deposit Insurance Corporation (FDIC).

The FDIC needs to increase the insurance limit of $100,000. It is all to common today that people have more than $100,000 in savings. This limit is causing a panic from depositors who are removing their funds due to this rule. I believe this rule needs to be updated to stop the bleeding of funds available for banks to loan. Raising this limit should be part of the economic recovery plan.