Re: AIS Treasury Update July 2008

[Paul W Gossett <pwgossett@juno.com>]

Jill,

Thank you so much for informing us concerning AIS not having investments
in the INDYMAC Bank and making us feel more comfortable about our
finances.

Paul 

On Sun, 13 Jul 2008 11:21:56 -0700 (GMT-07:00) Jill Bonino
<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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