About 40,000 residents call the town home. Lancaster is part of the 26th U.S. Congressional District, the 59th New York State Senate District, the 143rd New York State Assembly and the 5th and 8th Erie County Legislative Districts. A five member Town Board administers all Town business and is presided over by the Town Supervisor. More Information.
Originally Posted by LB. Paypal is not a bank, however Paypal's funds are held in FDIC insured banks. However, to my knowledge the limit is 100,000 per account insured and I'm guessing they have more than that in their accounts. So in short, the money is not directly FDIC insured.
Standard Coverage Limit. FDIC insures deposits up to $250,000 at FDIC-insured banks and savings associations. The insurance limit is applied to each depositor at an insured bank and includes separate insurance for different categories of account ownership that meet FDIC requirements.Accounts a depositor has at one bank and which are in the same account category are totaled and insured up to the standard insurance limit.he Federal Deposit Insurance Corp., or FDIC, is an independent federal agency that was established in 1933 in the wake of the bank failures of the 1920s and 1930s.