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Isn the Treasurys money fund guaranty program the same as FDIC insurance?

April 26, 2017FDIC fund Guaranty Insurance money program Treasury

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Isn the Treasurys money fund guaranty program the same as FDIC insurance?

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No. Insurance from the Federal Deposit Insurance Corporation (FDIC) only covers bank deposits at those banks that are members of the FDIC. One change related to the recent market activity, on October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009.