The FDIC created a website to help IndyMAC customers to determine if their account is fully insured which will help answer customer questions about their IndyMAC accounts at http://www4.fdic.gov/dip/Account_Search.asp.
The FDIC was started in 1933 in response to bank failures. Types of accounts covered by the FDIC are: savings, checking, trusts, CDs, IRAs and other deposit accounts and are insured up to $100,000 per depositor in each bank or thrift the FDIC insures.
The FDIC insures deposits only. It does not insure securities, mutual funds or other types of investments.
Securities including mutual funds, that are held by a broker, or a bank's brokerage subsidiary are not insured. The Securities Investors Protection Corporation (SIPC), replaces missing stocks and other securities in customer accounts up to $500,000, including up to $100,000 in cash, if a member brokerage or bank brokerage subsidiary fails. For more information contact:
Securities Investor Protection Corporation
805 15th Street, NW Room 800
Washington, DC 20005-2215
202-371-8300
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