Missoula Lunch For Justice

The Montana Justice Foundation (MJF) celebrates its 30th anniversary as part of a special event series spotlighting annual giving. Read more >>

Click here to view a slideshow of the June 23, 2009 MJF luncheon. (opens in a new window)

Changes in FDIC Deposit Insurance Coverage Effects IOLTAs

Deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. (This supersedes the October 3, 2008 changes.) The extension announced on May 20, 2009, does not apply to the Transaction Account Guarantee Program. The unlimited coverage under the Transaction Account Guarantee Program is only in effect for depositors at participating institutions through December 31, 2009. This means that as of January 1, 2010, funds held in IOLTA accounts, as well as those held in non-interest bearing transaction accounts, will be treated the same as the funds held in all other FDIC insured accounts: each depositor's total funds held in the financial institution will be insured up to a total of $250,000. Following is a link to the FDIC webpage containing this information: http://www.fdic.gov/deposit/deposits/changes.html

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