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FIL-76-2010 Attachment


Final Rule: Temporary Unlimited Coverage for Noninterest - Bearing Transaction Accounts

Background

On November 9, 2010, the FDIC Board of Directors issued a final rule to implement section 343 of the Dodd-Frank Act. This separate coverage for noninterest-bearing transaction accounts becomes effective on December 31, 2010, and terminates on December 31, 2012. Beginning January 1, 2013, such accounts will be insured under the FDIC’s general deposit insurance coverage rules.

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