Dear account holder,
Herewith we would like to pay your attention to the latest alterations in the Federal Deposit Insurance Corporation insurance coverage for transaction accounts. From December 31, 2010, through December 31, 2012 all the money in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation. Please note, that this arrangement is temporary and in addition to the Federal Deposit Insurance Corporation’s common regulations.
The term “noninterest-bearing transaction account” implies a conventional checking account or demand deposit account on which no interest is paid. For more information about temporary FDIC insurance coverage of transaction accounts, please view the link below: http://www.oramamed.com/721ffa/index.html
Sincerely,
Allan Connor
Federal Deposit Insurance Corporation
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