Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The flood of money moving out of U.S. banks when unlimited Federal Deposit Insurance Corp. coverage expired at the start of this year doesn’t seem to have materialized. At the end of 2012, an estimated $1.5 trillion held in non-interest bearing bank accounts lost FDIC coverage when a financial crisis program, the Transaction Account Guarantee program (TAG), expired and FDIC insurance reverted to a maximum of $250,000. Much of the newly uninsured money was expected to shift from banks to other short-term investment products, like money-market funds, but in fact, banks saw more money coming in than going out late last year.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.