Maybe The $250K Limit Will Be Extended Beyond 2013

WASHINGTON (6/17/10)--In an unexpected move, lawmakers added language to regulatory reform legislation that would overhaul the deposit insurance system. The changes would set the deposit insurance limit at $250,000 indefinitely, and extend a program that would give unlimited guarantees for certain accounts and the Federal Deposit Insurance Corp. more leeway to set premiums (American Banker June 16). House and Senate conferees Tuesday agreed to keep the $250,000 limit permanent and retroactive to cover 2008 failures. The limit was increased to $250,000 from $100,000 in October 2008, and was set to return to $100,000 after 2013.

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