FDIC Lowers Estimate of IndyMac’s Uninsured Deposits

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Uninsured deposits at IndyMac Bancorp totaled about $541 million, federal regulators said Thursday, marking their second reduction of the estimate since the government seized the troubled mortgage lender July 11.

The Federal Deposit Insurance Corp., which is operating the Pasadena savings and loan and is hoping to sell it, originally estimated that $1 billion of IndyMac’s $19 billion in deposits were uninsured. Last month, the FDIC revised the figure down to about $600 million.



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