The Federal Register notice provides details on complying with the rule.ġ.
#Interest sweep bank accounts pdf#
5797, and can be accessed through this link- PDF ( PDF Help). The final rule was published in the Federal Register on Febru(74 Fed. Also, the information is not meant to be all inclusive.) Staff opinions are not binding upon the FDIC or its Board of Directors. (Please note that the opinions expressed in the FAQs are staff views and should only be considered advisory in nature.
The information provided in the FAQs is a compilation of staff guidance provided in connection with actual questions received from industry representatives on the applicable issues. The following Frequently Asked Questions (FAQs) address the disclosure requirements of Section 360.8. It also includes disclosure requirements for certain sweep accounts. This rule codifies the FDIC's practices for determining deposit and other account balances at a failed insured depository institution. In January 2009, the FDIC Board of Directors adopted the final rule entitled "Processing of Deposit Accounts in the Event of an Insured Depository Institution Failure" (12 CFR Section 360.8). Sweep Account Disclosure Requirements Frequently Asked Questions
Home > News & Events > Financial Institution Letters including office furniture, fixtures, and equipment. Portion (if any) exceeds coverage limits at that bank.Īre My Deposit Accounts Insured by the FDIC?įDIC-insured institutions to conduct business and exchange Specific group of deposit accounts — what's insured and what Determine how the insurance rules and limits apply to a
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