FORT BOONESBOROUGH, Ky. (AP) â€” Keeping up a quick pace to the finish line, Curtis Penix didn't look like someone who had walked nearly 240 miles in the footsteps of frontiersman Daniel Boone, an arduous trip through the Appalachian terrain that was inspired by his own family's pioneering roots in the Kentucky wilderness. The Michigan steel mill worker, toting a 40-pound backpack, completed his ...
AUSTIN, Texas (AP) â€” Poetry, Imani McGee-Stafford says, saved her life. She was still in middle school when she began putting the words rumbling through her head down on paper, filling notebook after notebook in search of a voice to break free of the depression that was choking her. After being sexually abused as a child, the promising young basketball player attempted suicide three times by ...
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