Details:

Publisher's site:
https://www.fdic.gov/
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
The FDIC Board approved a final rule on May 29, 2009, changing the way the FDIC administers its statutory restrictions on the deposit interest rates paid by banks that are less than well capitalized under Section 337.6 of the FDIC Rules and Regulations (see FIL-25-2009). The final rule redefines the national rate as "a simple average of rates paid by insured depository institutions and branches for which data are available" and deems the national rate to be the prevailing rate for all market areas. Once the final rule is effective on January 1, 2010, an institution can use the prevailing rates in its market area to determine conformance only if it seeks and receives a determination from the FDIC that it is operating in a high rate area.
Content Notes:
FIL-25-2009
Subject:
[+]
Liquidity, Funds Management and Sensitivity to Market Risk
Dataset Download URL:
fdic.gov/news/financial-institution-letters/2009/fil09062.html
Format:
PDF
Release Date:
11/03/2009
Update Date:
11/14/2018
Withdrawn Date:
12/01/2018
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC)
Fdic Employee Involved:
Lou Bervid;Robert B. Reddish;
Related Regulation:
12 C.F.R. Section 337.6
Source:
FDIC Website
Memorandum To:
FDIC-Insured Institutions
Effective Date:
01/01/2010
FIL Number:
FIL-62-2009
Main Document Checksum:
[+]
urn:sha256:6affceca070d963ab27067f80deee74bc9d0ebf4ca37981bba39f8dffec0c94b
Download URL:
https://archive.fdic.gov/view/fdic/7235/fdic_7235_DS1.pdf
File Type:

Supporting Files

• Question and Answer Document

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