federal_register: 05-23986
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| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts | regulation_id_numbers |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 05-23986 | Large-Bank Deposit Insurance Determination Modernization Proposal | Proposed Rule | In view of the significant industry consolidation in recent years, the FDIC is exploring new methods to modernize its deposit insurance determination process, whereby the insurance status of each depositor is determined in the event of failure. Procedures currently used by the FDIC to determine deposit insurance coverage may result in unacceptable delays if used for an FDIC-insured institution with a large number of deposit accounts. In developing a new system to determine insurance coverage, the FDIC's goals are to minimize disruption to depositors and communities, and maximize recoveries for the deposit insurance fund in the event one of the largest insured institutions should fail. The FDIC is seeking comment on the best means to accomplish these objectives, and is offering three possible options for comment. The focus of this Advance Notice of Proposed Rulemaking ("ANPR") is on FDIC-insured institutions with the largest number of deposit accounts, currently expected to include only the 145 insured institutions with total number of deposit accounts over 250,000 and total domestic deposits of at least $2 billion ("Covered institutions"). None of these options require that insured institutions transmit deposit data to the FDIC unless the institution is in danger of failing. | 2005-12-13 | 2005 | 12 | https://www.federalregister.gov/documents/2005/12/13/05-23986/large-bank-deposit-insurance-determination-modernization-proposal | https://www.govinfo.gov/content/pkg/FR-2005-12-13/pdf/05-23986.pdf | Federal Deposit Insurance Corporation | 164 | In view of the significant industry consolidation in recent years, the FDIC is exploring new methods to modernize its deposit insurance determination process, whereby the insurance status of each depositor is determined in the event of failure.... |