BOSTON (AP) â€” President Barack Obama, Vice President Joe Biden and Republican U.S. Sen. John McCain are among the guests scheduled to pay tribute to the late Sen. Edward Kennedy at the formal dedication of an institute named for him in Boston. A ceremony is scheduled on Monday at the Edward M. Kennedy Institute for the United States Senate. The $79 million facility features a life-sized ...
The fiancee of former New England Patriots player Aaron Hernandez is expected to take the stand for a second day of testimony in his murder trial and talk about a box she disposed of from their basement the day after a man who was dating her younger sister was killed. Shayanna Jenkins, Hernandez's high school sweetheart and the mother of his 2-year-old daughter, is expected to testify again on ...
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