Federal Deposit Insurance Corporation February 2, 2009 – Federal Register Recent Federal Regulation Documents

Processing of Deposit Accounts in the Event of an Insured Depository Institution Failure
Document Number: E9-2113
Type: Rule
Date: 2009-02-02
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is adopting a final rule establishing the FDIC's practices for determining deposit and other liability account balances at a failed insured depository institution. Except as noted, the FDIC practices defined in the final rule represent a continuation of long- standing FDIC procedures in processing such balances at a failed depository institution. The final rule also imposes certain disclosure requirements in connection with sweep accounts. The final rule replaces the FDIC's interim rule on this subject and applies to all insured depository institutions.
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