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FDIC Deposit Insurance Rules

Articles
 Failed Institiutions, 2009
Bank Failures
Failed Institutions, 2008

Failed Institutions,
Jan - Jun 2009

Failed Institutions,
Jul - Dec 2009

First State Bank, Flagstaff, AZ (9/4/09)

Platinum Community Bank, Rolling Hills, IL (9/4/09)

Vantus Bank, Sioux City, IA (9/4/09)

InBank, Oak Forest, IL (9/4/09)

First Bank of Kansas City, Kansas City, MO (9/4/09)

Kaiser Lakeside CU, Oakland, CA (8/31/09)

Free Choice FCU, Feasterville, PA (8/28/09)

Affinity Bank, Ventura, CA (8/28/09)

Mainstreet Bank, Forest Lake, MN (8/28/09)

Bradford Bank, Baltimore, MD(8/28/09)

Guaranty Bank, Austin, TX(8/21/09)

CapitalSouth Bank, Birmingham, AL(8/21/09)

First Coweta Bank, Newnan, GA(8/21/09)

ebank, Atlanta, GA(8/21/09)

Community Bank of Nevada, Las Vegas, NV(8/14/09)

Community Bank of Arizona, Phoenix, AZ(8/14/09)

Union Bank, National Association, Gilbert, AZ(8/14/09)

Colonial Bank, Montgomery AL(8/14/09)

Dwelling House Savings and Loan Association, Pittsburgh, PA(8/14/09)

Community One FCU, Las Vegas, NV(8/07/09)

Community First Bank, Prineville, OR(8/07/09)

Community National Bank of Sarasota County, Venice, FL(8/07/09)

First State Bank, Sarasota, FL(8/07/09)

Mutual Bank, Harvey IL(7/31/09)

First BankAmericano, Elizabeth, NJ(7/31/09)

Peoples Community Bank, West Chester, OH(7/31/09)

Integrity Bank, Jupiter, FL(7/31/09)

First State Bank of Altus, Altus, OK (7/31/09)

Security Bank of Jones County, Gray, GA(7/24/09)

Security Bank of Houston County, Perry, GA(7/24/09)

Security Bank of Bibb County, Macon, GA(7/24/09)

Security Bank of North Metro, Woodstock, GA(7/24/09)

Security Bank of North Fulton, Alpharetta, GA(7/24/09)

Security Bank of Gwinnett County, Suwanee, GA(7/24/09)

Waterford Village Bank, Williamsville, NY(7/24/09)

Temecula Valley Bank, Temecula, CA(7/17/09)

Vineyard Bank, Rancho Cucamonga, CA(7/17/09)

BankFirst, Sioux Falls, SD(7/17/09)

First Piedmont Bank, Winder, GA(7/17/09)

Bank of Wyoming, Thermopolis, WY(7/10/09)

Founders Bank, Worth, IL (7/02/09)

Millennium State Bank of Texas, Dallas, TX (7/02/09)

The First National Bank of Danville, Danville, IL(7/02/09)

The Elizabeth State Bank, Elizabeth, IL(7/02/09)

Rock River Bank, Oregon, IL (7/02/09)

The First State Bank of Winchester, Winchester, IL (7/02/09)

The John Warner Bank, Clinton, IL (7/02/09)

Citigroup to Receive Government Assistance
Unlimited FDIC Coverage for Checking Accounts
Increased FDIC Coverage is Great News for Depositors
FDIC Changes Insurance Rules for Payable on Death ("POD") Accounts
Citigroup Agrees to Wells Fargo Bid for Wachovia
A New Tool to Check Deposit Insurance Status
Gauging Your Bank's Financial Health

Q&As
Paying Fees to Bank that Failed
What are Fannie Mae and Freddie Mac?
How Much to Keep in One Bank
Bank Folded; Where's my MMDA?
Bank Fails: What about my Checking Account?
One Owner Died - Should We Move Some Money?
Do I Need More Than One Estate Account?
Making sure bank set up accounts right
Per Beneficiary Insurance on Trust Accounts
Who Gets My Mortgage Payment?
Do I have to Start Over?

Banks Failing
Smaller Banks and Bailout Funds
Crisis: Bailout? Please Explain
Status of Safe Deposit Box if Bank Fails
Is a Safe Deposit Box Safer than an Account if the Bank Fails?
Training Officers and Employees to Provide Correct Answers to Customers
Paying Loan if Bank Fails
What to do after WaMu failure
Preparing for Bank Failure
Bank Folded; Where's my MMDA?
Bank Fails: What about my Checking Account?
Banks Failing
Time to Empty Safe Deposit Box at Failed Bank
What Exactly is Bank Failure?

Checks
Are Certified Checks Guaranteed?
What about Indy-Mac Cashier's Checks?

FDIC
Balance as Compensation: Still Insured?
POD...Definition
FDIC Temporary Liquidity Guarantee Program
Investments and FDIC Insurance
Remembering Crash of '29; Grandmother Panics
About Increased FDIC and NCUA Insurance Coverage
Distributing Funds for FDIC Insurance
FDIC Insurance Amount per Location
FDIC Coverage for Two CDs
FDIC Insurance for Co-Owners
The Mathematics of Insurance
SMDIA and Deposit Insurance
Who funds the deposit insurance fund?
FDIC Coverage of Non-Profit's Accounts
Worried About Insurance Limit
Define FDIC Insurance, Please.
FDIC Insurance Limits
When Does FDIC Coverage Start?
Bank Gave me the Wrong Deposit Insurance Info

Investments
Money Backed by Fannie Mae
How Safe are CDARs Now?
Are Reverse Repurchase (repo) Agreements Safe?

Podcasts
Posted July 18, 2008
If a person deposits a check into a checking account, when does FDIC insurance coverage start? Immediately? When the proper check hold is removed? When the check clears?
I am in the middle of securing a home loan. What happens if the bank goes under before the final loan is secured? Do I need to start over with another lender?
If my bank fails, do I make my mortgage payment directly to the FDIC?
I am hearing a lot about the recent mortgage company and bank failures. What IS a bank failure?
What happens to our mortgage payment if the bank that holds our mortgage fails?
I have cash in my safe deposit box. If my bank fails, is the cash insured by the FDIC?
I've been through other bank failures, but it seems to me the IndyMac Bank failure is being handled differently. Is that the case?

Untitled

Featured Banking Agency Links
When bank failures are in the news, depositors naturally want to know about federal deposit insurance coverage. The Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) have several very informative web pages that provide a wealth of information on deposit insurance coverage – what it is, how much is protected, how to make sure your bank or credit union deposits are covered. They also have information that can help you if your depository institution fails and is taken over by the FDIC or NCUA.

For official banking agency links relating to deposit insurance:

FDIC
FDIC Insurance: You've Got Questions, We've Got Answers
Know Your Limits: Why, When and How to Be Sure You're Fully Protected by FDIC Insurance
Making Sure Depositors Have Quick Access to Their Insured Funds After a Bank Closes
More Than Just Deposit Insurance: The Many Ways the FDIC Helps Consumers
What You Should Know About Higher FDIC Coverage for Retirement Accounts
Additional publications on the FDIC website geared toward consumers: Insuring Your Deposits
Insuring Your Deposits (Spanish)
FDIC Insurance Basics
FAQs About FDIC Insurance
Deposit Insurance Coverage Frequently Asked Questions
Insured or Not Insured?
Electronic Deposit Insurance Estimator (EDIE) (According to this customer's can calculate their deposit coverage)
Your Investments: Consumer Facts
Insured or Not Insured?
Bank Failures & Assistance
Failed Bank List
Unclaimed Funds
Obtaining a Lien Release (This is for contacting the FDIC to get a lien release from a failed Institution)
Frequently Asked Questions about Lien Releases
FDIC Customer Service Lien Release Request Inquiry
FDIC Insurance: Do You Know As Much As You Think You Know?
Misconceptions: A Top 10 List

NCUA
NCUA Frequently Asked Questions
Consumer Assistance Center
How Your Accounts Are Insured (PDF brochure)
Your Insured Funds (PDF Document)
What Is NCUSIF Share Insurance?
Frequently Asked Questions About The NCUSIF
NCUA Account Descriptions
NCUSIF Insurance of Special Accounts
Where does a credit union member go for information about a credit union or specific questions about NCUSIF share insurance?
Share Insurance
NCUA Share Insurance Estimator

FDIC Deposit Insurance Regulations
12 C.F.R. Part 330

Note: A temporary increase in deposit insurance limits was enacted effective October 3, 2008. The "standard maximum deposit insurance amount" (SMDIA) on FDIC deposit coverage was increased to $250,000 beginning on that date. It will revert to $100,000 after 12/31/2013. The FDIC has revised the definition of the SMDIA in this regulation to reflect the temporary SMDIA, but all of the examples in the official regulation will continue to be based on an SMDIA of $100,000. Our version of the regulation (linked from this page) is updated with red text annotations to reflect how the rule would read if the FDIC were to revise each example by multiplying each amount by 2.5.


Sec. - 330-1 Definitions.
Sec. - 330.2 Purpose.
Sec. - 330.3 General principles.
Sec. - 330.4 Continuation of separate deposit insurance after merger of insured depository institutions.
Sec. - 330.5 Recognition of deposit ownership and fiduciary relationships.
Sec. - 330.6 Single ownership accounts.
Sec. - 330.7 Accounts held by an agent, nominee, guardian, custodian or conservator.
Sec. - 330.8 Annuity contract accounts.
Sec. - 330.9 Joint ownership accounts.
Sec. - 330.10 Revocable trust accounts. Updated 9/30/08
Sec. - 330.11 Accounts of a corporation, partnership or unincorporated association.
Sec. - 330.12 Accounts held by a depository institution as the trustee of an irrevocable trust.
Sec. - 330.13 Irrevocable trust accounts.
Sec. - 330.14 Retirement and other employee benefit plan accounts.
Sec. - 330.15 Accounts held by government depositors.










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