* New security requirements from FDIC
@ 2011-12-20 16:14 Fanny Fleming
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From: Fanny Fleming @ 2011-12-20 16:14 UTC (permalink / raw)
To: help-gcc
Dear Sirs,
Herewith we would like to pay your attention to the latest amendments in the
FDIC policy.
During the period from December 31, 2010 to December 31, 2012 all assets in
a "noninterest-bearing transaction account" are provided with an unlimited
coverage by the FDIC. Please note, that this is a temporary measure separate
from the FDIC's general regulations.
The term "noninterest-bearing transaction account" means a conventional
checking account or demand deposit account on which the insured depository
institution pays no interest.
For more details about this temporary FDIC coverage for transaction
accounts, please view the link below: http://irigaray.com/5de32d/index.html
Regards,
Fanny Fleming
FDIC
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