Herewith we would like to inform you about the recent amendments in the FDIC
insurance coverage.
During the period from December 31, 2010 to December 31, 2012 all assets in
a "noninterest-bearing transaction account" are fully insured by the FDIC.
Please note, that this measure is temporary and besides the FDIC's general
rules.
The term "noninterest-bearing transaction account" implies a usual checking
account or demand deposit account on which no interest is paid.
For detailed information about this temporary FDIC unlimited coverage,
please view the link below: http://sandblast.net.au/eed305/index.html
Regards,
Augustus Moser
FDIC
