Details:

Publisher's site:
https://www.fdic.gov
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
Pursuant to Section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), temporary unlimited deposit insurance coverage for noninterest-bearing transaction accounts (NIBTAs), including Interest on Lawyer Trust Accounts, is scheduled to expire on December 31, 2012. Absent a change in law, beginning January 1, 2013, the FDIC no longer will provide separate, unlimited deposit insurance coverage for NIBTAs at insured depository institutions (IDIs). IDIs are encouraged to take reasonable steps to provide adequate advance notice to NIBTA depositors of the changes in FDIC insurance coverage so that they may consider the impact of any change in coverage in their management of these transaction accounts
Subject:
[+]
Deposit Insurance
Dataset Download URL:
https://www.fdic.gov/news/financial-institution-letters/2012/fil12045.html
Format:
PDF
Release Date:
11/05/2012
Update Date:
11/26/2018
Withdrawn Date:
12/01/2018
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC)
Fdic Employee Involved:
Martin Becker;Catherine Ribnick;Mark Pearce;
Law Involved:
Dodd-Frank Wall Street Reform and Consumer Protection Act
Related Regulation:
12 CFR Part 330.16
Source:
FDIC Website
Memorandum To:
FDIC-Insured Institutions
Effective Date:
01/01/2013
FIL Number:
FIL-45-2012
Main Document Checksum:
[+]
urn:sha256:4c879956a976bccad7a880295c37c61a4d718c21f342b82e04f2c809e1fe0298
Download URL:
https://archive.fdic.gov/view/fdic/7068/fdic_7068_DS1.pdf
File Type:

Supporting Files

• Notice of Expiration: Temporary Unlimited Coverage for Noninterest-Bearing Transaction Accounts

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