the CFM Distinction

Wednesday, August 18, 2010

FDIC Insurance Coverage * Permanently Increased *




On July 21, 2010, the FDIC Insurance coverage was permanently increased to $250,000 per tax ID number, per institution. We previously reported to you the insurance had been increased to $250K from $100K in late 2008. The increase was temporary as part of the financial bailout bill signed by the President. This increase has been made permanent... fantastic news given the last standard had been in effect since 1980.

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