Operating & Reserve Account FDIC Coverage

February 18, 2009 - During the course of 2008 38 community, regional and national banking institutions failed and were either seized by the FDIC or brokered to another institution on an emergency basis. The FDIC has realized claims of over $15 billion under its deposit insurance program and 13 additional banks have already failed since January 1, 2009. The FDIC modified its insurance programs for personal and commercial deposit accounts last October to extend coverage but commercial real estate investors' operating and reserve accounts may still be at risk if held by an institution that fail. The Client Advisory Memo - FDIC Programs addresses the potential risks, provides information to assess the health of your bank and suggests solutions to protect the full balance on deposit.