Details:

Publisher's site:
https://www.fdic.gov/
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
The FDIC has issued the attached final rule making certain revisions to the interest rate restrictions under Part 337.6 of the FDIC Rules and Regulations. Under the final rule, the "national rate" is a simple average of rates paid by U.S. depository institutions as calculated by the FDIC. When evaluating the Part 337.6 compliance of an institution that is less than Well Capitalized, the FDIC will deem the national rate to be the prevailing rate in all market areas, unless it agrees with evidence provided by the institution that it is operating in an area where prevailing deposit interest rates are higher. The final rule is effective January 1, 2010, but the FDIC does not object to the immediate use of the newly defined national rate by an insured depository institution.
Subject:
[+]
Liquidity, Funds Management and Sensitivity to Market Risk
Dataset Download URL:
https://www.fdic.gov/news/financial-institution-letters/2009/fil09025.html
Format:
PDF
Release Date:
05/29/2009
Update Date:
11/14/2018
Withdrawn Date:
12/01/2018
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC)
Fdic Employee Involved:
Sandra L. Thompson
Related Regulation:
12 C.F.R. Part 337.6
Source:
FDIC Website
Memorandum To:
FDIC-Insured Institutions
Effective Date:
01/01/2010
FIL Number:
FIL-25-2009
Main Document Checksum:
[+]
urn:sha256:bde7ab24d006ec134e764a2925bacbde5bb49107e4155d20ba90b2916a83f283
Download URL:
https://archive.fdic.gov/view/fdic/7211/fdic_7211_DS1.pdf
File Type:

Supporting Files

• No Additional Files

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