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.