The second FDIC press release in my inbox was perhaps more interesting. Retroactive deposit insurance:

The Dodd-Frank Wall Street Reform and Consumer Protection Act signed into law by President Barack Obama today permanently raised the maximum deposit insurance amount to $250,000. In addition, the Act made this increase retroactive to January 1, 2008.

The provision making the law retroactive means that the $250,000 deposit insurance amount applies to banks that failed between January 1 and October 3, 2008. These insured institutions are:

• Hume Bank, Hume, MO
• ANB Financial, N.A., Bentonville, AR
• IndyMac Bank, F.S.B., Pasadena, CA
• First Priority Bank, Bradenton, FL
• The Columbian Bank and Trust Company, Topeka, KS
• Silver State Bank, Henderson, NV

This retroactive increase has reduced the number of uninsured depositors at these failed institutions from more than 10,000 to approximately 500.

The FDIC will mail checks to uninsured depositors tomorrow, July 22, 2008. To learn more, uninsured depositors of these institutions can visit the FDIC’s Web site at http://www.fdic.gov/bank/individual/failed/dodd_frank_q_and_a.html or call toll-free on 1-866-806-5919.

Roughly 10,000 checks are in the mail.