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To: Ken98 who wrote (150091)2/8/2002 12:02:36 AM
From: LLCF  Read Replies (2) | Respond to of 436258
 
Thanks, that's what I thought... a million in 10 different banks is FULLY insured.

DAK



To: Ken98 who wrote (150091)2/8/2002 12:15:20 AM
From: Joan Osland Graffius  Respond to of 436258
 
Ken98, >>Deposits in different institutions are insured separately.

I looked into this and got information that yes they are separately insured, but that FDIC will only insure $100K. Will make a call tomorrow and make sure I was asking the right questions. Have a few banks and brokerage houses that I do business with and talked to them specifically about the payout if one defaults.

Joan


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