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News Story of the Day
Why the bond market is more fragile than you think


NEW YORK (AP) — A bottleneck is building in the global market for bonds. Main Street investors have poured a trillion dollars into bonds since the financial crisis, and helped send prices soaring. As fund managers and regulators fret about an inevitable sell-off, the bigger fear is that when people go to unload, there won't be anyone to buy. Too many funds own the same bonds, making them ...

Sports Story of the Day
Quarterback dilemma for Vikings vs Packers


You might say the Minnesota Vikings are pondering a quarterbacking dilemma. Their veteran starter, Matt Cassel, is gone for the season with a broken left foot. First-round draft pick Teddy Bridgewater took over in his first pro start last Sunday and performed extremely well in a 41-28 win over Atlanta. But Bridgewater sprained his left ankle and had to leave late in that game. That could leave ...

FDIC INFORMATION

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 for Transaction 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


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Current Conditions for Ormsby, MN
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57ºFCloudy
Feels Like: 63ºF
Humidity: 93%
Wind: 9 MPH ESE
Forecast
Wednesday 72ºF 53ºF
Thursday 66ºF 40ºF
Friday 48ºF 32ºF
Saturday 51ºF 37ºF
Sunday 57ºF 40ºF