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Financial Institution Letters

FDIC Deposit Insurance Coverage
Final Rule
September 9, 2009

Summary: On September 9, 2009, the FDIC Board of Directors approved a rule to finalize: (1) the deposit insurance coverage regulations to reflect the extension of the temporary increase in the standard maximum deposit insurance amount (SMDIA) to $250,000 through December 31, 2013, and (2) the 2008 interim rules regarding revocable trust accounts and mortgage servicing accounts.


  • The final rule updates the FDIC's deposit insurance regulations and related examples to reflect a law signed in May 2009 extending the temporary increase in the SMDIA to $250,000 through December 31, 2013. (See FDIC FIL-22- 2009.)
  • The rule finalizes, without substantive changes, revisions to the revocable trust account regulations adopted by the FDIC in September 2008. (See FDIC FIL-99-08.) The revised regulations clarify that the FDIC will consider information in an insured institution's electronic deposit account records to determine if the titling requirement for revocable trust accounts is satisfied.
  • The rule finalizes, without substantive changes, the revisions to the mortgage servicing account regulations adopted by the FDIC in October 2008. (See FDIC FIL-111-08.)

All FDIC-insured Institutions

Suggested Routing:
Chief Executive Officer
Head of Deposit & Branch Operations
Compliance Officer
Training Officer

Related Topics:
FDIC Deposit Insurance Regulations 12
CFR Part 330

Draft Federal Register Notice - PDF (PDF Help)

FDIC Call Center at 1-877-275-3342

Printable Format:
FIL-53-2009 - PDF (PDF Help)

FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2009/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562- 2200).

Last Updated 9/9/2009 communications@fdic.gov

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