Re: AIS Treasury Update July 2008

[Maureen Mark <mmark@rogers.com>]

Thanks, Jill.  That is reassuring.  I read today that there a few more regional banks that may go under.  I didn't even think about AIS holdings.
   
  Maureen

Jill Bonino <aistreas@earthlink.net> wrote:
  Hi All,

Just a quick note to let you know that with the current wobbles in the US banking system, all of the AIS investments are safe.

Many of you saw on the news that INDYMAC Bank, headquartered in Pasadena, CA, was closed by the Federal Reserve on Friday July 11, 2008. 

The AIS Treasury holds NO certificates of deposits or other bank accounts with INDYMAC. In addition, all of the CDs that AIS money is invested in are all under the $100,000 FDIC insurance limit. 

If you have any further questions, let me know...

Thanks,

Jill Bonino
Treasurer

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