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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Kailash who wrote (55933)	3/14/2006 7:14:57 PM
From: Elroy Jetson	Respond to of 110194

FDIC to insure higher retirement account deposits today.reuters.com WASHINGTON, March 14 (Reuters) - The Federal Deposit Insurance Corp.'s Board of Directors voted on Tuesday to approve an interim rule change that will expand the insurance limit for certain retirement account deposits to $250,000 from $100,000 currently. The interim rule applies to traditional and Roth individual retirement accounts and other "self directed" accounts such as 401(k) and Keough plan accounts. The interim rule also provides for the FDIC and the National Credit Union Administration to consider, every five years, an inflation-based increase to the current $100,000 maximum insured limit for normal deposits. In addition, the interim rule will enable the FDIC to provide per-participant insurance coverage to employee benefit plan accounts, even if the depository institution where the deposits are placed is not authorized to accept employee benefit plan deposits.