*NOTICE OF EXPIRATION OF
THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING
operation of federal law, effective January 1, 2013,
noninterest-bearing transaction accounts no longer will be insured by
the FDIC as a separate ownership category. Thereafter, NIBTA deposits
at an IDI will be aggregated with any other deposits held by the same
person in the same ownership category, with the total insured up to the
standard maximum deposit insurance amount, which is currently $250,000.
The term “noninterest-bearing transaction account” includes
a traditional checking account or demand deposit account on which the
insured depository institution pays no interest. It also includes
Interest on Lawyers Trust Accounts (“IOLTAs”). It does not
include other accounts, such as traditional checking or demand deposit
accounts that may earn interest, NOW accounts and money-market deposit
For more information about temporary FDIC insurance coverage of
transaction accounts, visit www.fdic.gov.