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To: JHP who wrote (85004)3/24/2001 8:23:03 AM
From: Percival 917  Read Replies (1) | Respond to of 436258
 
My understanding that only one account is insurable to the 100K limit. People who have opened many accounts with 100K in each will only have one 100K account covered if our banking system crashed. I have heard this both from the banking sector and from the brokerage sector.

ED



To: JHP who wrote (85004)3/24/2001 8:43:47 AM
From: dpl  Read Replies (3) | Respond to of 436258
 
Money markets are insured up tp $500,000.

sipc.org



To: JHP who wrote (85004)3/24/2001 10:36:59 AM
From: marginmike  Read Replies (1) | Respond to of 436258
 
Frankly put your money in Citicorp there is no way the Government would let them fold. I wouldnt go near regional or 2nd tier banks now. I have my accounts with Chase and CITI because they are to big to fail.


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