Changes in FDIC Deposit Insurance Coverage
Date: August 12, 2010
On August 10, 2010, the FDIC Board of Directors adopted the final rule amending its insurance regulations and advertising regulations to conform with provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which permanently increased the standard maximum deposit insurance amount (SMDIA) from $100,000 to $250,000. This permanent increase in the SMDIA became effective July 22, 2010.
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