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  Home >> Bank Failures  
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FDIC Deposit Insurance Rules

Articles
Bank Failures
Failed Institutions, 2008

Integrity Bank, Alpharetta, GA (8/29/08)

Columbian Bank and Trust Company, Topeka, KS (8/22/08)

Post Trust FCU, Charleston, SC (8/07/08)

First Priority Bank, Bradenton, FL (8/01/08)

New London Security FCU, New London, CT(7/28/08)

First National Bank of Nevada, Reno, NV (7/25/08)

First Heritage Bank, N.A., Newport Beach, CA (7/25/08)

Meridian FA, FCU, Meridian, CT(7/16/08)

IndyMac Bank, F.S.B. Pasadena, CA (7/11/08)

Cal State 9 State Chartered CU, Concord, CA (7/01/08)

Sterlent State Chartered CUs, Pleasanton, CA (7/01/08)

First Integrity, NA, Staples, MN (5/30/08)

Fathr Burke FCU, Bronx, NY (5/12/08)

ANB Financial, NA, Bentonville, AR (5/09/08)

St. Luke Baptist FCU, Laurelton, NY (5/05/08)

Hume Bank, Hume, Missouri (3/07/08)

Douglass National Bank, Kansas City, MO (1/25/08)

Posted August 14, 2008
A New Tool to Check Deposit Insurance Status
Gauging Your Bank's Financial Health

Q&As
Posted August 22, 2008
FDIC Coverage for Two CDs
Posted August 12, 2008
Banks Failing
FDIC Insurance for Co-Owners
Posted August 9, 2008
One Owner Died - Should We Move Some Money?
Posted August 7, 2008
The Mathematics of Insurance
Do I Need More Than One Estate Account?
Posted July 30, 2008
SMDIA and Deposit Insurance
Making sure bank set up accounts right
Who funds the deposit insurance fund?
Per Beneficiary Insurance on Trust Accounts
FDIC Coverage of Non-Profit's Accounts
Time to Empty Safe Deposit Box at Failed Bank
Posted July 18, 2008
What Exactly is Bank Failure?
Worried About Insurance Limit
Define FDIC Insurance, Please.
Money Backed by Fannie Mae
FDIC Insurance Limits
When Does FDIC Coverage Start?
How Safe are CDARs Now?
Are Reverse Repurchase (repo) Agreements Safe?
What about Indy-Mac Cashier's Checks?
Who Gets My Mortgage Payment?
Bank Gave me the Wrong Deposit Insurance Info
Do I have to Start Over?

Podcasts
Posted July 28, 2008
What is the deposit insurance coverage for an estate account?
Posted July 25, 2008
In these five podcasts, we speak with Phil Battey, spokesman for the Promontory Interfinancial Network, about how a bank customer may obtain up to $50 million in FDIC deposit insurance coverage – 500 times the normal amount – in a convenient manner, with no additional fees.
What is CDARS? How does it allow a customer to increase the amount of FDIC insurance covering the customer’s funds?
How can bank customers determine whether a bank is participating in the CDARS network. If it’s not, how can they find a bank that is?
How does CDARs provide flexibility and convenience for the customer?
What kinds of CDs can a customer purchase, and can a laddered investment approach be used?
What’s the contingency plan if a CDARS-participating bank fails?

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?
My mother and I are joint owners of several CDs in one bank. The certificates are worth $180,000. Are we insured by the FDIC for the full amount, or just $100,000?
If my bank fails, do I make my mortgage payment directly to the FDIC?
My sister, mother, and I were on a joint account. We were told that having the 3 parties on the account we would be covered for up to 300,000. My mother is now deceased, Can we move some of the money to protect it since it is over the limit.
I am hearing a lot about the recent mortgage company and bank failures. What IS a bank failure?
I am a "worried senior citizen." I have over $200,000 in one bank. Should I spread my accounts over several banks to avoid losing my money if banks begin to fail? How can I quickly, easily, and safely transfer funds from one bank to another?
What happens to our mortgage payment if the bank that holds our mortgage fails?
To have all of our money insured by FDIC, should we not have more than $200,000 in joint accounts in one particular bank?
Can you explain how deposit insurance works on Payable on Death accounts?
I listened to your podcast on how deposit insurance works with Payable on Death accounts. I'm curious to know, what if the account is a joint account with a POD beneficiary. How does deposit insurance work in that case?
I have cash in my safe deposit box. If my bank fails, is the cash insured by the FDIC?
Our company has a large amount of cash on deposit with a bank. Should we be concerned about the possibility of bank failure?
I've been through other bank failures, but it seems to me the IndyMac Bank failure is being handled differently. Is that the case?
If I have $100,000 in a CD in my name, and nothing else at that same bank, will I get all my money if it fails?


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

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.
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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