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FDIC to Finalize Rule on Coverage

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Dover Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-18-08 09:50 PM
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FDIC to Finalize Rule on Coverage

I didn't realize this was only preliminary back in Oct. when it was initiated:



The Federal Deposit Insurance Corp. will meet Friday to finalize a rule implementing its temporary guarantee of bank debt and deposits that do not bear interest.

..snip..

All institutions are receiving the extra coverage for free until Dec. 5. Banks and thrifts must notify the FDIC if they want to opt out of the program after that date.

http://www.americanbanker.com/printthis.html?id=200811175F6W5DPG
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