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FDIC Insurance Information
The Federal Deposit Insurance Corporation (FDIC) is the federal government institution that provides insurance up to $100,000 for deposits in FDIC insured banks and savings associations. Additionally, effective April 1, 2006, federal law provides up to $250,000 in deposit insurance coverage for self-directed retirement accounts. Understanding the amount of coverage is critical for individuals who have in excess of $100,000 on deposit in one insured institution. Understanding what products are not insured is also critical to all individuals who may invest, through insured institutions, in products that are not deposits. The FDIC web site provides a large amount of information on this topic to aid consumers in understanding the amount of coverage they have. We provide the following link, directly to the FDIC's page on insurance, for more information. The Division of Finance is not responsible for the contents of the FDIC web site.
http://www.fdic.gov/deposit/deposits/insuringdeposits/index.html
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