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Federal Deposit
Insurance Corporation

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

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Financial Institution Letters


FDIC Insurance Coverage Temporarily Increased

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.

The FDIC has attached a one-page document that provides an overview of FDIC deposit insurance coverage, reflecting the temporary $250,000 insurance limit. Insured institutions may use this document to explain FDIC insurance coverage rules to depositors. Institutions also may wish to display this document in branch offices.

In addition, the FDIC is authorizing insured institutions to use the following statement to augment bank signage and customer information materials, effective immediately:

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.

As usual, bankers and depositors can go to and use EDIE the Estimator to learn more about FDIC insurance coverage. Deposit insurance information is available on the FDIC's website at

All insured institutions should inform depositors that the coverage increase is temporary and effective only until December 31, 2009. This is particularly important when opening new accounts and certificates of deposit maturing after that date.

Last Updated 10/06/2008

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