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Summary 

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 to $100,000 on January 1, 2014.

Highlights:

• On May 20, 2009, the temporary increase in the SMDIA to $250,000 per depositor was extended through December 31, 2013.
• Institutions are encouraged to post the following statement, or affix a sticker with this statement, next to the official �౦��Ϸ���� sign (teller station sign): “�౦��Ϸ���� deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.” Banks may use their own materials in any format for this purpose.
• The �౦��Ϸ���� will issue a temporary official �౦��Ϸ���� sign that reflects the $250,000 increase in the SMDIA through 2013. Insured institutions may pre-order the temporary signage on the �౦��Ϸ����'s Web site at http://www.fdic.gov/regulations/resources/signage/. Use of this temporary sign is optional. Institutions may continue to use the official �౦��Ϸ���� sign as shown in 12 CFR Part 328.
• The �౦��Ϸ���� strongly encourages all insured institutions to inform depositors that the increase in coverage is temporary and effective only until December 31, 2013, particularly when opening new accounts and certificates of deposit maturing after that date.

Distribution:
All �౦��Ϸ����-Insured Institutions

Suggested Routing:
Chief Executive Officer
Head of Deposit & Branch Operations
Compliance Officer
Training Officer