- On April 1, coverage for certain retirement plan deposits will increase to $250,000. The basic insurance limit for other depositors – individuals, joint accountholders, businesses, government entities and trusts – remains at $100,000.
- Pass-through coverage for employee benefit plans is no longer tied to an institution's capital level, although institutions must meet certain capital requirements to accept employee benefit plan deposits.
- The FDIC Board of Directors is authorized to increase the insurance limits for all deposit accounts every five years, beginning in 2011, based on the rate of inflation.
- The FDIC did not change its rules pertaining to official FDIC signs for banks and savings associations. All banks and savings associations should continue to use their existing FDIC signage until further notice.
- The FDIC has issued an FDIC Consumer News Special Bulletin and developed two statement stuffers to help insured institutions communicate the changes in deposit insurance coverage to employees and customers. PDF copies can be downloaded from the FDIC's Web site at http://www.fdic.gov/consumers/consumer/news/special/index.html (for the bulletin) and http://www.fdic.gov/deposit/deposits/stuffer/index.html (for the statement stuffers) and may be reproduced without permission from the FDIC.
Chief Executive Officer
FDIC Deposit Insurance Regulations 12 C.F.R. 330
FDIC Call Center at 1-877-275-3342
FIL-27-2006 - PDF 54k (PDF Help)
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2006/index.html.
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center (1-877-275-3342 or 703-562-2200).