It would limit the number of federally insured accounts that one person could have at a single institution.

At the same time, the credit union deposits became federally insured.

Such gambling with federally insured deposits remains possible under current law.

The nuts and bolts of the federally insured program are relatively simple.

Any one loan from a federally insured bank should be limited to no more than 3 to 4 percent of the bank's capital.

Those institutions that are federally insured have not been affected by the bank holiday.

The company's clients included at least six federally insured banks.

Even if an account is federally insured, money could be tied up, he said.

This was nearly 12 percent of all federally insured banks, the highest level in 18 years.

Only government bonds and federally insured bank deposits are considered absolutely safe.