Do you know your USD deposit is FDIC insured?
Citibank accounts held in the US are FDIC-insured up to $250,000 per account holder through December 31, 2013. Current regulations state that insurance coverage will revert to the level per account holder offered by the FDIC at the time which is currently $100,000. Accounts in any currency held outside the US, including EUR, GBP, JPY and HKD, are not FDIC insured.
About FDIC Insurance
Federal Deposit Insurance Corporation (FDIC) is an independent agency of the US government that protects you against the loss of your deposits if any FDIC-insured bank or savings association fails. There is no need to apply for FDIC insurance—coverage is automatic and backed by the full faith and credit of the US government.
Please watch the FDIC’s introduction video or visit the FDIC website for further information.