- On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009.
- Insured institutions may post the above statement, or affix a sticker with the above statement, next to the official FDIC sign (teller station sign). Banks may use their own materials in any format for this purpose, or order stickers with this language using the procedures on the FDIC's Web site at http://www.fdic.gov/regulations/resources/signage/.
- Insured institutions should inform depositors that the increase in coverage is temporary and effective only until December 31, 2009, particularly when opening new accounts and certificates of deposit maturing after that date.
- Attached is a one-page document that provides an overview of insurance coverage, reflecting the temporary $250,000 insurance limit. You may display this document in branch offices to help explain insurance coverage to depositors.
- The FDIC will be conducting a telephone seminar for bankers on the deposit insurance coverage rules on October 10, 14, 22 and 28 and November 4. See FIL-85-2008 for registration procedures (http://www.fdic.gov/news/news/financial/2008/fil08085.html).
All FDIC-Insured Institutions
Chief Executive Officer
Head of Deposit & Branch Operations
FIL-102-2008 - PDF (PDF Help)
FDIC financial institution letters (FILs) may
be accessed from the FDIC's Web site at
To receive FILs electronically, please visit
Paper copies of FDIC financial institution
letters may be obtained through the
FDIC's Public Information Center, 3501
Fairfax Drive, E-1002, Arlington, VA