Rates Current as of Friday February 10, 2012

In the event of a bank failure, the FDIC acts in two capacities. First, as the insurer of the bank’s deposits, the FDIC pays insurance to the depositors up to the insurance limit. Second, the FDIC, as the receiver of the failed bank, assumes the task of selling and or collecting the assets of the failed bank and settling its debts, including claims for deposits in excess of the insured limit.

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