Details

Service: Advisory, Risk Consulting, Financial Risk Management
Type: Publication series
Date: 3/7/2013

March 4, 2013 The Washington Report

FDIC Proposes Clarification to Deposit Insurance Rules

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The Federal Deposit Insurance Corporation (FDIC) released Financial Institution Letter 7-2013 on March 1, 2013, to announce that it had published a proposed rule to clarify that deposits in foreign branches of U.S. banks are not eligible for deposit insurance even though they may qualify as deposits for purposes of national depositor preference.

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