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<p>[QUOTE=&quot;calcol, post: 24723479, member: 77639&quot;]Appears the safe deposit boxes were not in an FDIC-insured bank, but in a “safety storage company”.&nbsp; No, FDIC does not insure deposit box contents.&nbsp; But a FDIC-insured bank is a member of the Federal Reserve system.&nbsp; Law enforcement and judges will be very careful and specific about what boxes can be opened and what can be taken at an FDIC bank.&nbsp; Law enforcement would have to deal with the Treasury Dept, Federal Reserve and the likes of mega-corps like Chase, Citi, Wells Fargo, etc. if they overstep.</p><p><br /></p><p>Doesn’t mean your collection wouldn’t be seized at an FDIC bank.&nbsp; But the odds are low unless you are involved in suspicious activity.&nbsp; Been filing your taxes on time and accurately?<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I’ve warned before about using safety deposit boxes of non-FDIC-insured “banks”.&nbsp; The only box theft in history in my region was from one of these outfits; it put them out of business.&nbsp; FDIC banks are required to follow certain security procedures, and the vault is where their cash and records are stored.&nbsp; That non-FDIC box companies might be subject to rough treatment by law enforcement hadn’t occurred before but makes sense.</p><p><br /></p><p>Unfortunately, boxes at FDIC-insured banks appear to be in short supply, and it’s a service that is unavailable at many locations.</p><p><br /></p><p>Curious if inappropriate seizure by law enforcement would be covered by insurance.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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