This past October the FDIC adopted the Temporary Liquidity Guarantee Program (TLGP) to help address the interbank lending problem that led to a significant reduction in the ability of banks to extend credit.  Under the initial proposed TLGP regulations, IOLTA accounts were to be excluded from unlimited FDIC coverage under TLGP.  As a result, this development limited FDIC coverage of IOTLA accounts to $250,000 which for many law firms was an inadequate amount of coverage.  Under the final rules which have just been issued, IOTLA accounts are now considered non-interest bearing accounts and, as such, eligible for unlimited FDIC coverage under TLGP.  This is great news given the continuing uncertainty in our markets.  So, we can all sleep a little better knowing that client funds passing through IOLTA accounts are fully insured until TLGP expires which is set for December 31, 2009.