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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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Inactive Financial Institution Letters

Deposit Insurance Coverage
Temporary Increase in Coverage
October 3, 2008

Summary: On October 3, 2008, President George W. Bush signed the Emergency Economic Stabilization Act of 2008, which temporarily raises the basic limit on federal deposit insurance coverage from $100,000 to $250,000 per depositor. The temporary increase in deposit insurance coverage became effective immediately upon the President's signature. The legislation provides that the basic deposit insurance limit will return to $100,000 after December 31, 2009.


  • 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
  • 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 (

All FDIC-Insured Institutions

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


Printable Format:
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 22226.

Last Updated 5/22/2009

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