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Financial Institution Letters


Nondeposit Investment Products

FIL-80-98
July 16, 1998

 

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Nondeposit Investment Products and Recordkeeping Requirements Questions and Answers

The FDIC's Division of Supervision has prepared and distributed the attached "Nondeposit Investment Products (NDIP) and Recordkeeping Requirements Questions and Answers" memorandum to provide supplementary guidance to our examiners on the examination of retail sales of nondeposit investment products. A copy of this memorandum is attached for your information.

For more information, please contact Keith Ligon (202-898-3618), Policy Chief of the Securities, Capital Markets and Trust Branch.

Nicholas J. Ketcha Jr.
Director

Attachment: (39 kb, PDF help or hard copy) NDIP record-keeping requirements Qs & As (at www.fdic.gov/banknews )

Distribution: FDIC-Supervised Banks (Commercial and Savings)

Note: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).

Last Updated 07/17/1999 communications@fdic.gov