Re: AIS Treasury Update July 2008

[PlankMail@aol.com]

Thank you so much, Jill, for providing info that will keep AIS Board members
informed and reasonably comfortable about AIS finances during this "wobbly"
period.
     Cheers!
          Jeanne
In a message dated 7/13/08 11:23:31 AM, aistreas@earthlink.net writes:


> 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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