FDIC Insurance Coverage Disclosure
NOTICE OF EXPIRATION OF
THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR
NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning
January 1, 2013, funds deposited in a
noninterest-bearing transaction account (including
an Interest on Lawyer Trust Account) no longer will
receive unlimited deposit insurance coverage by the
Federal Deposit Insurance Corporation (FDIC).
Beginning January 1, 2013, all of a depositor's
accounts at an insured depository institution,
including all noninterest-bearing transaction
accounts, will be insured by the FDIC up to the
standard maximum deposit insurance amount
($250,000), for each deposit insurance ownership
category.
For more information about FDIC
insurance coverage of noninterest bearing
transaction accounts, visit
http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.
