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Inactive Financial Institution Letters
Deposit Insurance Publications
The Federal Deposit Insurance Corporation (FDIC) has produced two new brochures for bank customers explaining federal deposit insurance coverage: Insuring Your Deposits and Your Insured Deposits - FDIC's Guide to Deposit Insurance Coverage. Enclosed is a copy of each brochure.
Insuring Your Deposits, a new eight-panel brochure, was developed in response to requests from depositors and bankers for a basic brochure on deposit insurance coverage that is quick and easy to read. The brochure describes insurance coverage rules for deposit accounts most commonly owned by individuals and families.
Your Insured Deposits - FDIC's Guide to Deposit Insurance Coverage is an updated version of the FDIC's 1999 comprehensive publication and is geared for depositors who need more detailed information about the FDIC's deposit insurance rules. This publication provides an indepth explanation of the FDIC's account ownership categories and the requirements to qualify for coverage in each category. It also includes the FDIC's new rules for insurance coverage of living trust accounts, which became effective April 1, 2004. Note: Earlier versions of the FDIC publication Your Insured Deposits are outdated and should be destroyed.
Both of the new deposit insurance brochures are currently available in English only. Spanish language versions of both brochures will be issued later this year, followed by Chinese and Korean language versions. Once these new versions are available, the FDIC will notify insured institutions through a Financial Institution Letter.
Copies of the two brochures can be downloaded from the FDIC's Web site at www.fdic.gov/deposit/deposits/index.html.
Reproduction and Printing of Brochures by Insured Institutions
Obtaining Copies From the FDIC
Orders submitted by FAX or mail should be written on your institution's letterhead and include a contact name, a telephone number where the contact may be reached, the title of the document, and the number of copies requested.
Orders for 500 copies or fewer of either brochure will be shipped within four to six weeks of the order date. Orders for more than 500 copies of either publication will be shipped six to eight weeks after the close of the 30-day order period. If demand for the publications exceeds estimates, additional time to fill orders may be required. An FDIC representative will call the bank contact listed on the order form to confirm any order for more than 5,000 copies of either publication.
For more information about the FDIC's new deposit insurance brochures, contact the FDIC's Call Center toll-free at 1-877-275-3342.
For your reference, FDIC Financial Institution Letters may be accessed from the FDIC's Web site at http://www.fdic.gov/news/news/financial/2004/index.html. This FIL supersedes FIL-58-1999, dated June 18, 1999.
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Distribution: FDIC-Insured Institutions
NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).
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