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.
FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has lost a penny of FDIC-insured funds.FDIC insurance covers all deposit accounts, including:DIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has lost a penny of FDIC-insured funds.