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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.

Special 10th Anniversary Edition - Fall 2003

Extra Tip on... Throwing Away Old Bank Records
You know that bank records, such as statements, credit card bills and canceled checks, can come in handy. But you may be saving some too long and others not long enough. It's important for you, perhaps after talking with your accountant or attorney, to develop a plan for managing all this paperwork. Example: Canceled checks with no long-term significance for tax or other purposes probably can be destroyed after about a year, but those that support tax returns, such as charitable contributions or tax payments, probably should be held for at least seven years.

Excerpted from "Your Bank Records: What to Keep, What to Toss, and When," Fall 2002.

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Last Updated 12/12/2003 communications@fdic.gov