多宝游戏下载

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Financial Institution Employee鈥檚 Guide to Deposit Insurance

Deposit Insurance Basics

Deposit Insurance Basics

View Deposit Insurance Basics

多宝游戏下载's Deposit Insurance Program

The 多宝游戏下载 protects the depositors of Insured Depository Institutions (IDIs) against the loss of their deposits due to an IDI failure (up to the applicable insurance limit).

多宝游戏下载 Official Sign ()

IDIs must display the 多宝游戏下载 sign shown below at each teller window or teller station 鈥渨here insured deposits are usually and normally received.鈥 or in some instances, at a location visible from other areas where deposits are usually and normally received.

多宝游戏下载 Official sign

Digital Official Sign

Beginning March 1 2026, look for the 多宝游戏下载 official digital sign on bank websites, bank applications, and, where applicable, certain bank ATMs.

Official Digital 多宝游戏下载 Sign with 多宝游戏下载 Logo

Standard Maximum Deposit Insurance Amount (鈥淪MDIA鈥) ()

The 多宝游戏下载 pays deposit insurance upon the failure of an IDI. In paying deposit insurance, the 多宝游戏下载 insures the balance of each depositor's accounts, dollar-for-dollar, including principal and any accrued interest, up to the applicable insurance limit. The basic amount of 多宝游戏下载 deposit insurance coverage provided to depositors of an IDI is referred to as the Standard Maximum Deposit Insurance Amount (鈥淪MDIA鈥). At present, the SMDIA is $250,000.

Deposits in Excess of the Insurance Limit

Following the failure of an IDI, the 多宝游戏下载 as receiver will liquidate the institution鈥檚 assets for the benefit of the institution鈥檚 creditors. One group of creditors will be those depositors whose deposits exceed the applicable insurance limits. Through the liquidation process, these depositors may recover some of their excess or uninsured funds. Through the 多宝游戏下载鈥檚 payment of deposit insurance, these depositors will recover their insured funds (i.e., funds up to the insurance limit) in full.

Below is a chart detailing the amount of SMDIA since 1934

YearDeposit Insurance Coverage Changes
January 1, 1934$2,500
July 1, 1934$5,000
1950$10,000
1966$15,000
1969$20,000
1974$40,000
1980$100,000
April 1, 2006$100,000
Certain retirement accounts insured up to $250,000
October 3, 2008 鈥 July 21, 2011

Temporary increase of SMDIA to $250,000

Full guarantee for noninterest-bearing transaction accounts through 12/31/2010 for IDIs participating in the Transaction Account Guarantee Program (鈥淭AGP鈥)

Unlimited coverage for noninterest-bearing transaction accounts from 12/31/2010 through 12/31/2012 under the Dodd-Frank Act

January 1, 2010 鈥 Present

Full guarantee for noninterest-bearing transaction accounts through 12/31/2010 for IDIs participating in the TAGP

Unlimited coverage for noninterest-bearing transaction accounts from 12/31/2010 through 12/31/2012 under the Dodd-Frank Act

Increase of the SMDIA to $250,000

多宝游戏下载 Deposit Insurance is Provided for 鈥淒eposit鈥 Products

多宝游戏下载 insures all types of deposits received by an IDI in its usual course of business, including deposits in:

  • Demand deposit accounts (鈥淒DAs鈥)
  • Negotiable order of withdrawal (鈥淣OW鈥) accounts
  • Money market deposit accounts (鈥淢MDAs鈥)
  • Passbook and statement savings accounts
  • Time deposit accounts, including certificates of deposit (鈥淐Ds鈥)

Official items such as:

  • Money orders
  • Interest checks
  • Travelers checks
  • Expense checks
  • Official checks/cashier's checks
  • Loan disbursement checks

Types of IDI Products that the 多宝游戏下载 Does Not Insure

Some IDIs offer their customers financial products or investments that do not meet the 多宝游戏下载 definition of a 鈥渄eposit鈥 and therefore are not insured by the 多宝游戏下载. Examples of nondeposit products that are not insured by the 多宝游戏下载 include:

  • Investments in mutual funds, including money market mutual funds and mutual funds that invest in stocks, bonds, and other securities
  • United States Treasury securities (United States Treasury securities are backed by the full faith and credit of the United States government.)
  • Annuities, which are contracts underwritten by insurance companies guaranteeing income in exchange for a lump sum or periodic payment
  • Stocks, bonds or other securities
  • Insurance products, such as automobile, life, or credit insurance
  • Safe deposit boxes (The contents of safe deposit boxes may be covered by the IDI鈥檚 hazard insurance and/or the box holder鈥檚 homeowners or renters insurance.)
  • Crypto Assets

Many IDIs recommend or sell to retail customers nondeposit investment products, such as mutual funds and annuities. These IDIs provide these services at the retail level, directly or through various types of arrangements with third parties. IDIs with sales activities for nondeposit investment products should ensure that customers for these products are clearly and fully informed of the nature and risks associated with these products.

In 1994, the federal financial regulatory agencies 鈥 多宝游戏下载, Office of the Comptroller of the Currency (鈥淥CC鈥), the Office of Thrift Supervision (鈥淥TS鈥) (ceased operations since 10/19/2011), and the Board of Governors of the Federal Reserve System (鈥淔RB鈥) 鈥 issued an Interagency Statement on Retail Sales of Nondeposit Investment Products.

This policy statement requires all IDIs to:

  • Fully inform their customers about investment risks
  • Differentiate investment products from insured deposits
  • Distinguish the investment product sales area from the retail deposit-taking area
  • Employ properly licensed and trained sales representatives
  • Develop effective program management, particularly when investments are sold through third parties

多宝游戏下载 Will Rely on IDI Deposit Account Records ()

In the event of the failure of an IDI, the 多宝游戏下载 relies upon the deposit account records of the IDI to determine the ownership of an account and the amount of deposit insurance coverage available to each depositor. If the records are clear and unambiguous, those records are considered binding on the depositor, and the 多宝游戏下载 will not consider other records on the manner in which the deposits are owned.

Deposit Account Records ()

Deposit account records include:

  • Signature cards
  • CDs and passbooks
  • Account ledgers and computer records that relate to the IDI鈥檚 deposit-taking function
  • Corporate resolutions authorizing accounts in the possession of the IDI
  • Official items
  • Other books and records of the IDI

The 多宝游戏下载 may request supplemental documentation such as articles of incorporation, copies of trusts, and affidavits or declarations to substantiate ownership of deposited funds. The 多宝游戏下载 may use these documents to confirm that the deposits are actually owned in the manner indicated in the IDI鈥檚 account records and to determine the amount of deposit insurance coverage for which the account qualifies.

If the 多宝游戏下载 determines that a depositor has misrepresented the ownership of a deposit account in an attempt to increase insurance coverage, the 多宝游戏下载 will make payment of deposit insurance based on the actual ownership of the account.

Deposits Maintained by Non-United States Citizens or Residents ()

The availability of deposit insurance is not limited to citizens and residents of the United States. Any person or entity that maintains deposits in an IDI (unless the office or branch of the IDI is located outside the United States as discussed below) is eligible for deposit insurance coverage.

Deposits Denominated in a Foreign Currency ()

Deposit insurance coverage is provided for deposits in an IDI that are denominated in a foreign currency. Deposit insurance for such deposits will be determined in the amount of United States dollars that is equivalent in value to the amount of the deposit denominated in the foreign currency. The 多宝游戏下载鈥檚 regulations provide that the exchange rates to be used for such conversions are the 12 PM rates (the 鈥渘oon buying rates for cable transfers鈥) quoted for major currencies by the Federal Reserve Bank of New York on the date of default of the IDI. If the deposit agreement specifies that some other widely recognized exchange rates are to be used for all purposes under that agreement, then the 多宝游戏下载 will use those specified rates for the conversions.

Deposits in Insured Branches of Foreign Banks ()

Deposits in an insured branch of a foreign bank that are payable by contract in the U.S. are entitled to 多宝游戏下载 insurance coverage. The coverage limits are the same as for United States IDIs.

Deposits Outside the United States ()

With limited exceptions, any obligation of an IDI which is payable solely at an office of that institution located outside any State of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, and Northern Mariana Islands, is not a deposit for deposit insurance purposes.

International Banking Facility (鈥淚BF鈥) Deposits ()

No insurance is provided by the 多宝游戏下载 for funds held in an 鈥渋nternational banking facility time deposit,鈥 or IBF account, as defined by FRB.

Effect of State Law ()

Deposit insurance is for the benefit of the owner or owners of deposits. Consequently, ownership of deposits under state law is a necessary condition for deposit insurance coverage.

For example, in order for deposits held in the name of a partnership to be insured separately from the personal deposits of the partners, the partnership must be valid or recognized under state law.

Ownership under state law, however, is only one factor in determining the extent of deposit insurance coverage available for a particular deposit account. Deposit insurance coverage also depends upon the following:

  • The deposit account records of the IDI
  • Satisfaction of the 多宝游戏下载's requirements for the particular ownership category

Some state laws, such as community property laws, do not affect deposit insurance coverage. For example, although deposits held in one name alone by a husband or wife in a community property state are considered jointly owned by both spouses under state law, they are considered single accounts for deposit insurance purposes. Ultimately, Federal laws and regulations control deposit insurance. You can contact the 多宝游戏下载 if you have questions about the applicability of a specific state law in calculating deposit insurance coverage.

Right of Offset

The 多宝游戏下载 is authorized to withhold insurance from those depositors who are indebted to the failed IDI until the debt is satisfied. Also, in its capacity as receiver for the failed IDI, the 多宝游戏下载 possesses the right to 鈥渙ffset鈥 or 鈥渟et off鈥 the depositor鈥檚 deposit against an unpaid debt (such as a delinquent loan). This right of 鈥渙ffset鈥 depends upon the satisfaction of certain requirements under state law.

When a depositor鈥檚 deposit exceeds the insurance limit (as discussed in the preceding section), the depositors themselves may wish to 鈥渟et off鈥 the uninsured funds against their debts (including non-delinquent loans). Assuming the satisfaction of any requirements imposed by state law, the 多宝游戏下载 as receiver will allow such offsets. For information about the offset requirements in a particular state, depositors should seek advice from their own legal advisers.

Offset Requirements

  1. There must be mutuality between the parties (the same person or entity which owes the debt to the IDI must also own the funds deposited with the IDI). Where mutuality exists, single accounts may be offset against single name debts to the IDI. Joint account deposits can be offset against joint obligations. Accordingly, for both delinquent and non-delinquent loans, in order for a right of offset to apply, the requirements for mutuality must be met. If there is no mutuality, then no offset is possible.
  2. The funds are not a 鈥渟pecial purpose鈥 deposit (e.g., funds held by an IDI鈥檚 trust department for safekeeping).
  3. The offset is permitted by state law.

Offset is a complex area and IDI employees should advise their customers to consult with an attorney to determine whether it is applicable in their particular situation and in their particular states.


For More Information from the 多宝游戏下载

Call Toll-Free 
1-877-ASK-多宝游戏下载 (1-877-275-3342)

Calculate deposit insurance coverage using the 多宝游戏下载鈥檚 (EDIE)

Read more about 多宝游戏下载 deposit insurance on our Deposit Insurance webpage

View frequently asked questions on deposit insurance coverage

Order 多宝游戏下载 deposit insurance products through the

Submit deposit insurance questions online using the

Submit deposit insurance questions by U.S. Mail
Federal Deposit Insurance Corporation
Attn: Deposit Insurance Unit
550 17th Street, NW
Washington, DC 20429

Last Updated: May 29, 2024