8 Types of Deposits Covered By FDIC Insurance in Banks

Single Accounts
A single account is a deposit owned by one person. The following deposit account types are included in this ownership category: Accounts held in one person’s name alone
Accounts established for one person by an agent, nominee, guardian, custodian, or conservator, including Uniform Transfers to Minors Act accounts, escrow accounts, and brokered deposit accounts
Accounts held [...]

What Does FDIC Deposit Insurance Cover?

We all remember the “run” on the savings and loan in the movie “It’s a Wonderful Life“.  This is basically what happened that forced the Feds to take over WAMU. 
Washington Mutual, which was bought by JP Morgan after being grabbed by the US authorities late yesterday, was a major player in the controversial “option ARM” [...]

Financial Insights Into The Current State Of The U.S. Economy

Here is an article from the FDIC website:
Acquisition of Washington Mutual Bank
September 25, 2008
Banking operations of Washington Mutual, Inc were sold in a transaction facilitated by the Office of Thrift Supervision (OTS) and the FDIC. All deposit accounts and all loans have been transferred to JPMorgan Chase Bank.  

 JP Morgan Acquires All Qualified Financial Contracts [...]

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