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FDIC INSURANCE COVERAGE
Extension of Temporary Increase in Standard Maximum Deposit Insurance Amount
On May 20, 2009, President Barack Obama signed the Helping Families Save Their Homes Act, which extends the temporary increase in the standard maximum deposit insurance amount (SMDIA) to
$250,000 per depositor through December 31, 2013. This extension of the temporary $250,000 coverage limit became effective immediately upon the President's signature. The legislation provides that the SMDIA will return ot $100,000 on January 1, 2014.
Taking Control of Your Finances: A Special Guide for Young Adults
This FDIC publication features common mistakes young adults make with money and how to avoid them; a financial to-do list young people can consider at key stages of their life; and a quiz based on the information presented in the special guide. Other articles cover topics such as identity-theft protection, credit cards, checks and checking accounts, and electronic banking services that young people might find attractive.
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