Answer:
Other than the end of unlimited deposit insurance for non-interest bearing transaction accounts and IOLTAs, which occurred officially with the end of 2012, there are no current plans to change FDIC coverage during the year. The next scheduled potential change could occur in 2015, when an inflation clause in the Federal Deposit Insurance Act calls for a possible change in the SMDIA. Congress slipped up in the Dodd-Frank Act when it failed to change the base SMDIA in the inflation-adjustment provision from $100,000 to $250,000 when it increased the basic coverage amount elsewhere in the law to $250,000, but still has time to correct that oversight.
First published on BankersOnline.com 1/28/13
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