A federal investigation that cleared a Ferguson, Missouri, police officer for killing Michael Brown concluded that the physical evidence and credible witnesses all bolster the officer's account that he feared for his life when he fatally shot the black 18-year-old. The Department of Justice released an 86-page report Wednesday summarizing its reasons for not charging former officer Darren ...
Major League Soccer and its players' union have agreed in principle to a five-year labor contract, a person familiar with the deal told The Associated Press, averting a possible strike ahead of Friday's season opener. The person spoke on condition of anonymity Wednesday because the agreement had not been announced. The deal, the culmination of talks that began last weekend, was likely to be ...
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