In each corporate entity of each bank. Most banks have more than one corporate entities.
-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of D and N Sent: Wednesday, October 26, 2011 11:11 AM To: [email protected]; RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION Subject: Re: [Futurework] Son of TARP: B of A moving derivatives to insured subsidiary Maybe money isn't what it used to be. They will cover 100K in each account in a "covered" bank. Trust companies, I believe, come under "provincial" jurisdiction. Darryl On 10/25/2011 8:30 PM, Mike Spencer wrote: > This finance stuff exceeds my feeble mental capacity (or at least my > similarly feeble knowledge base.) The Canadian version of FDIC has a > fairly stringent limit on the amount that can be covered in an account, > $60K maybe? (I forget the exact figure.) Doesn't FDIC have something > similar? _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
