FDIC Insurance Coverage
Extension of Temporary Increase in Standard Maximum Deposit Insurance Amount FIL-22-2009
May 22, 2009

Summary:  On May 20, 2009, President Barack Obama signed the Helping Families Save Their Homes Act, which extends the temporary increase in the standard maximum deposit insurance amount (SMDIA) to $250,000 per depositor through December 31, 2013. This extension of the temporary $250,000 coverage limit became effective immediately upon the President’s signature. The legislation provides that the SMDIA will return to $100,000 on January 1, 2014. 

Distribution:
All FDIC-Insured Institutions

Complete Financial Institution Letter: http://www.fdic.gov/news/news/financial/2009/fil09022.html