Comments on: County Pulls Money from State Investment Pool
By H2OSNOSKI on 11-09-09
The maximum FDIC is $250,000. Thats’s 140 local banks for the $35M. Pleas identify the 140 local banks for tax payer knowledge.
By JohnGalt on 11-09-09
Per state requirements, banks have to pledge collateral for government deposits meaning 100% of the money is secured. There are also ways to get above $250,000 in FDIC insurance at one financial institution.
http://www.myfdicinsurance.gov/








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