Standard Deposit Insurance Coverage Amount of $250,000 Made Permanent Official FDIC Sign Updated and Available
FIL-40-2010 July 22, 2010
The Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Barack Obama on July 21, 2010, made permanent the current standard maximum deposit insurance amount (SMDIA) of $250,000. The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category.
The Dodd-Frank Wall Street Reform and Consumer Protection Act has made permanent the current SMDIA of $250,000. (The SMDIA was otherwise scheduled to return to $100,000 on January 1, 2014.)
The FDIC has updated the FDIC official sign for advertising deposit insurance coverage as prescribed in Part 328 of the FDIC's regulations.
The FDIC encourages all insured depository institutions to acquire and post the new official sign without delay to increase depositor awareness of the permanent increase in deposit insurance coverage.
All of the FDIC's deposit insurance coverage materials posted on its website - including "EDIE," its Electronic Deposit Insurance Estimator - have been updated to reflect the permanent $250,000 coverage.
Chief Executive Officer
Head of Deposit and Branch Operations
Chief Compliance Officer
FDIC Deposit Insurance Regulations 12 C.F.R. Part 328 & 330