Details:

Publisher's site:
https://www.fdic.gov/
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
The FDIC has issued the attached proposed rule that would make certain revisions to the interest rate restrictions under Part 337.6 ("Brokered Deposits") of the FDIC Rules and Regulations. The proposal would redefine the "national rate" as a simple average of deposit rates paid by U.S. depository institutions, thereby discontinuing the use of Treasury yields - which are currently well below average deposit rates - in the definition. The proposal also would, in the absence of contrary evidence as to the rates in a particular market, specify that the prevailing rate in all market areas is deemed to be the "national rate" as defined by the FDIC. Comments on the proposed rule are due 60 days after publication in the Federal Register.
Subject:
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Liquidity, Funds Management and Sensitivity to Market Risk
Dataset Download URL:
https://www.fdic.gov/news/financial-institution-letters/2009/fil09005.html
Format:
PDF
Release Date:
01/28/2009
Update Date:
11/14/2018
Withdrawn Date:
12/01/2018
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC)
Fdic Employee Involved:
Sandra L. Thompson;Lou Bervid;Christopher Hencke;
Related Regulation:
12 C.F.R. Part 336.7
Comment Period End Date:
03/27/2009
Source:
FDIC Website
Memorandum To:
FDIC Insured Banks
FIL Number:
FIL-5-2009
Main Document Checksum:
[+]
urn:sha256:44589c9b91dbfe53516449de04955dc23d71f54f59986f054cd2ee3d1700d0fc
Download URL:
https://archive.fdic.gov/view/fdic/7201/fdic_7201_DS1.pdf
File Type:

Supporting Files

• Notice of Proposed Rulemaking: Interest Rate Restrictions on Institutions That Are Less Than Well-capitalized

  pdf

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