FDIC FAQs-How long will the full deposit insurance coverage for noninterest-bearing transaction accounts last?

Compliance > Deposit Operations > FDIC FAQs on Insurance and Payment of Interest on Demand Deposit Accounts
Q: How long will the full deposit insurance coverage for noninterest-bearing transaction
accounts last?

A: The Dodd-Frank Deposit Insurance Provision is effective from December 31, 2010 through December 31, 2012.

Please note that the FDIC did not extend the Transaction Account Guarantee Program (“TAGP”) beyond its sunset date of December 31, 2010. On the same day that the TAGP expired – December 31, 2010 – the Dodd-Frank Deposit Insurance Provision became effective. There was a one-day overlap of the TAGP and the Dodd-Frank Deposit Insurance Provision.

This can be found in - FAQ#1 of FDIC’s FAQs.  FDIC’s FAQs can be found at: http://www.fdic.gov/deposit/deposits/unlimited/faq.pdf

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