The Federal Deposit Insurance Corporation (FDIC) has updated its deposit insurance publications to reflect the April 1, 2006, changes in insurance coverage required by the Federal Deposit Insurance Reform Act of 2005. The following are now available:
Insuring Your Deposits, which is a basic explanation of the most common deposit insurance ownership categories.
Your Insured Deposits, which is a comprehensive guide of all deposit insurance categories and includes the most frequently asked questions about deposit insurance coverage.
Financial Institution Employee's Guide Deposit Insurance, which thoroughly reviews all ownership categories, lists numerous examples and discusses common misunderstandings of deposit insurance coverage. This publication is intended as a reference tool for bankers.
The revisions to the publications include the April 1, 2006, increase in maximum coverage for self-directed retirement accounts from $100,000 to $250,000 in coverage. For more information about the April 1, 2006, changes in deposit insurance coverage, see FIL-27-2006, dated March 28, 2006.
Ordering Copies from the FDIC
The FDIC has automatically shipped 500 copies of the updated Insuring Your Deposits and Your Insured Deposits to all insured institutions that placed bulk orders during the past two years. The brochures, which were mailed at no charge to insured institutions, were sent to the most recent contact and address provided. Insured institutions can place orders for additional free brochures now. You can order the new brochures online at: https://vcart.velocitypayment.com/fdic/. Please allow four to six weeks for delivery.
Orders for up to 10 copies of the updated Financial Institution Employee's Guide to Deposit Insurance will be accepted by the FDIC beginning on May 5, 2006. As of May 5, insured institutions can submit orders for this publication online at: https://vcart.velocitypayment.com/fdic/.
All of the FDIC's updated publications can be viewed on FDIC's Web site at: www.fdic.gov/deposit/deposits.
Downloadable PDF files of Insuring Your Deposits, Your Insured Deposits and the Financial Institution Employee's Guide to Deposit Insurance are available in English on the FDIC's Web site at http://www.fdic.gov/deposit/deposits/index.html.
The FDIC will release Spanish, Chinese and Korean versions of the two deposit insurance brochures (Insuring Your Deposits and Your Insured Deposits) later this year. A Financial Institution Letter will notify insured institutions when these materials are available.
||Sandra L. Thompson
Division of Supervision and Consumer Protection