DETROIT (AP) â€” The Detroit pension fund that covers all retirees except former police officers and firefighters says it has reached a tentative agreement with the bankrupt city. Tina Bassett, a spokeswoman for the city's general pension fund, says retirees would see a 4.5 percent cut and their cost-of-living payments would be eliminated under a deal reached late Tuesday. Hours earlier, a group ...
CHICAGO (AP) â€” Alexei Ramirez scored the winning run in the bottom of the ninth inning on a throwing error and the Chicago White Sox edged the Boston Red Sox 2-1 on a frigid Tuesday night. Tied at one, Red Sox reliever Burke Badenhop (0-2) allowed a one-out single to Ramirez. After Tyler Flowers struck out, Chris Capuano replaced Badenhop. Capuano walked Adam Eaton to move Ramirez to second. ...
FDIC coverage $250,000 per depositor. FDIC Transaction Account Guarantee Program
Effective June 30, 2010, funds held in non-interest bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee program but will be insured up to $250,000 under the FDIC's general insurance rules.
Notice of Changes in Temporary FDIC Insurance Coverage forTransaction Accounts
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTA's"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC Insurance coverage of transaction accounts, visit www.fdic.gov