Title 12, Banks and BankingRelease 119-110
§5241 Temporary Increase in Deposit and Share Insurance Coverage
Title 12 › CHAPTER 52 — EMERGENCY ECONOMIC STABILIZATION › SUBCHAPTER I — TROUBLED ASSETS RELIEF PROGRAM › § 5241
Summary
For a limited time, deposit insurance for banks and share insurance for credit unions was raised from $100,000 to $250,000. That higher amount applied from October 3, 2008, through December 31, 2013. During those same dates, the FDIC board and the National Credit Union Administration board could ask the Secretary for whatever loans were needed to support the increase, and the Secretary had to approve those loans even if normal borrowing limits would have stopped them. The temporary $250,000 level could not be used to make future inflation-based increases to the standard insurance limits under those laws.
Full Legal Text
Title 12, §5241
Banks and Banking, Source: USLM XML via OLRC
(a)Federal Deposit Insurance Act; temporary increase in deposit insurance
(1)Increased amount
Effective only during the period beginning on October 3, 2008, and ending on December 31, 2013, section 11(a)(1)(E) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)(1)(E)) shall apply with “$250,000” substituted for “$100,000”.
(2)Borrowing limits temporarily lifted
During the period beginning on October 3, 2008, and ending on December 31, 2013, the Board of Directors of the Corporation may request from the Secretary, and the Secretary shall approve, a loan or loans in an amount or amounts necessary to carry out this subsection, without regard to the limitations on such borrowing under section 14(a) and 15(c) of the Federal Deposit Insurance Act (12 U.S.C. 1824(a), 1825(c)).
(b)Federal Credit Union Act; temporary increase in share insurance
(1)Increased amount
Effective only during the period beginning on October 3, 2008, and ending on December 31, 2013, section 207(k)(5) of the Federal Credit Union Act (12 U.S.C. 1787(k)(5)) shall apply with “$250,000” substituted for “$100,000”.
(2)Borrowing limits temporarily lifted
During the period beginning on October 3, 2008, and ending on December 31, 2013, the National Credit Union Administration Board may request from the Secretary, and the Secretary shall approve, a loan or loans in an amount or amounts necessary to carry out this subsection, without regard to the limitations on such borrowing under section 203(d)(1) of the Federal Credit Union Act (12 U.S.C. 1783(d)(1)).
(c)Not for use in inflation adjustments
The temporary increase in the standard maximum deposit insurance amount made under this section shall not be used to make any inflation adjustment under section 11(a)(1)(F) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)(1)(F)) for purposes of that Act [12 U.S.C. 1811 et seq.] or the Federal Credit Union Act [12 U.S.C. 1751 et seq.].
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
section 207(k)(5) of the Federal Credit Union Act, referred to in subsec. (b)(1), was redesignated section 207(k)(6) of the Act by Pub. L. 113–252, § 2(3), Dec. 18, 2014, 128 Stat. 2893. That Act, referred to in subsec. (c), means the Federal Deposit Insurance Act, act Sept. 21, 1950, ch. 967, § 2, 64 Stat. 873, which is classified generally to chapter 16 (§ 1811 et seq.) of this title. For complete classification of this Act to the Code, see
Short Title
note set out under section 1811 of this title and Tables. The Federal Credit Union Act, referred to in subsec. (c), is act June 26, 1934, ch. 750, 48 Stat. 1216, which is classified principally to chapter 14 (§ 1751 et seq.) of this title. For complete classification of this Act to the Code, see section 1751 of this title and Tables.
Amendments
2009—Subsec. (a)(1). Pub. L. 111–22, § 204(a)(1)(A), substituted “
December 31, 2013” for “
December 31, 2009”. Subsec. (a)(2), (3). Pub. L. 111–22, § 204(a)(1)(B)–(D), redesignated par. (3) as (2), substituted “
December 31, 2013” for “
December 31, 2009”, and struck out former par. (2). Prior to amendment, text read as follows: “The temporary increase in the standard maximum deposit insurance amount made under paragraph (1) shall not be taken into account by the Board of Directors of the Corporation for purposes of setting assessments under section 7(b)(2) of the Federal Deposit Insurance Act (12 U.S.C. 1817(b)(2)).” Subsec. (b)(1). Pub. L. 111–22, § 204(a)(2)(A), substituted “
December 31, 2013” for “
December 31, 2009”. Subsec. (b)(2), (3). Pub. L. 111–22, § 204(a)(2)(B)–(D), redesignated par. (3) as (2), substituted “
December 31, 2013” for “
December 31, 2009”, and struck out former par. (2). Prior to amendment, text read as follows: “The temporary increase in the standard maximum share insurance amount made under paragraph (1) shall not be taken into account by the National Credit Union Administration Board for purposes of setting insurance premium charges and share insurance deposit adjustments under section 202(c)(2) of the Federal Credit Union Act (12 U.S.C. 1782(c)(2)).”
Reference
Citations & Metadata
Citation
12 U.S.C. § 5241
Title 12, Banks and Banking
Last Updated
Sep 23, 2026
Release point: 119-110