U.S. Treasuries are issued by the U.S. Department of Treasury. Treasury securities are considered one of the safest investments because they are backed by the full faith and credit of the U.S. Government.
Insured deposits are provided through Dreyfus Insured Deposits (a product offered through a private labeling arrangement with the Dreyfus Cash Solutions division of BNY Mellon Securities Corporation), and Reich & Tang Deposit Solutions, LLC. Dreyfus and R&T both offer up to $2.5M in FDIC coverage through their networks of program banks. Each insured program bank provides coverage on balances up to the current standard maximum deposit insurance amount of $250,000 per eligible depositor, including any balances held at that bank directly or through other intermediaries. Because Dreyfus and R&T may on occasion use the same program banks, total eligible FDIC coverage per client may be less than $5 million.