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FDIC Consumer News - Spring 1999

Important Update: Changes in FDIC Deposit Insurance Coverage

The FDIC deposit insurance rules have undergone a series of changes starting in the fall of 2008. As a result, certain previously published information related to FDIC insurance coverage may not reflect the current rules. For details about the changes, visit Changes in FDIC Deposit Insurance Coverage. For more information about FDIC insurance, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342). For the hearing-impaired, the number is 1-800-925-4618.

8. Sorry, that is incorrect.

The correct answer is "False." FDIC insurance protects only deposits. Products such as mutual funds, annuities, stocks, bonds, life insurance policies and U.S. Treasury securities are not deposits and are not protected by the FDIC. Nondeposit investments are subject to investment risks, including the possible loss of principal, even if you bought them in your bank's lobby or otherwise through an FDIC-insured institution. Although Treasury securities are not insured by the FDIC, they are backed by the full faith and credit of the U.S. government.

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Last Updated 07/28/1999 communications@fdic.gov