section 1 - The American College Online Learning Center

(1) Coverage for bank failure or institution collapse(2) $250,000 per registration (title) for each institution(3) Unlimited coverage of noninterest bearing checking accounts (throughthe end of 2012)(4) Small and large banks(5) Full faith and credit of U.S. Governmentb. National Credit Union Share Insurance Fund (NCUSIF)(1) $250,000 per registration per institution coverage(2) Local or national credit unions(3) Full faith and credit of U.S. Governmentc. State insurance agencies(1) Coverage amount varies by state(2) Covers amount in cash deposits at insurance companiesd. Securities Investor Protection Corporation (SIPC)(1) Brokerage account cash up to $250,000 per account registration perinstitution(2) Brokerage firm failure or insolvency(3) Fraudulent trading7. Short-term instruments(4) Protection provided through the Financial Industry Regulatory Authority(FINRA) and the Security and Exchange Commission (SEC)a. Certificates of deposit (CDs)(1) Issued by a bank and other depository institution(2) Brokered CDs(3) Special termsb. Money market deposit accounts(1) Withdrawals limited to specified number(2) Carry nontrivial minimum balance requirementc. Savings bonds(1) Low-denomination Treasury issue(2) Designed to appeal to small investor(3) Types: Series EE, HH, Id. Treasury bills(1) Sold at discount to par(2) Interest — difference between purchase and selling price (or maturityvalue)(3) Competitive and noncompetitive bids8. Short-term debt instrumentsa. Eurodollar deposits7.3