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Statement Regarding the Safety of Insured Deposits

March 12, 2023

Since 1974, R&T has been providing liquidity management solutions to financial institutions. Our bank deposit sweep and placement services prioritize the protection of principal and liquidity, first and foremost, and we appreciate the heightened investor focus on the safety of their deposits in times of economic uncertainty, and especially given the recent market events.  FDIC insurance, which is backed by the full faith and credit of the United States government, remains the gold standard for bank depositors. 

When placing deposits in the Demand Deposit Marketplace®(DDM®) program or an R&T-TBS Insured Deposit (RTID®) program offered through a participating financial institution, deposits that are placed at any US bank up to the FDIC’s standard maximum deposit insurance amount of $250,000 per eligible depositor per bank for each ownership capacity or category are eligible for FDIC insurance at each bank.  For example, through the DDM program, depositors can place up to $250,000 at hundreds of US banks and thereby access up to $50 million of FDIC insurance on their deposits.  Since the establishment of the FDIC in 1933, no owner of an FDIC insured deposit has ever lost money.

Notwithstanding the coordinated actions taken by the Federal Reserve, U.S. Treasury, and the Federal Deposit Insurance Corporation (FDIC), with extended FDIC coverage, customers of financial institutions that participate in the DDM and RTID programs should feel confident that their deposits remain safe and liquid.  For our clients, we stand ready to provide continued access to extended FDIC insured deposit solutions and the operational support required to meet their business needs. 

For updated information regarding the recent policy actions taken by Federal Reserve, the U.S. Treasury and the FDIC can be found on their websites here: