- The FDIC is modernizing its current business processes and procedures for determining deposit insurance coverage in the event of a failure of one of the largest insured depository institutions.
- The attached claims modernization rule will require the largest institutions to modify their deposit systems so that in the event of failure, the FDIC can provide depositors prompt access to funds and calculate deposit insurance coverage quickly.
- The FDIC solicited comments on this rule on January 14, 2008. The requirements also were addressed in two advance notices of proposed rulemaking issued in 2005 and 2006. Based on its review of the comments, the FDIC is adopting the least-costly approach that would meet its objectives in the event of a large-bank failure.
Continuation of FIL-65-2008
All Insured Depository Institutions
Chief Executive Officer
Chief Operating Officer
Deposit Insurance Coverage
12 C.F.R. Part 330
Final Rule (PDF Help)
James Marino, Project Manager, Division of
Resolutions and Receiverships, at
firstname.lastname@example.org or 202-898-7151; or Joseph A.
DiNuzzo, Counsel, Legal Division, at
email@example.com or (202) 898-7349
FIL-65-2008 (PDF Help)
FDIC financial institution letters (FILs) may be
accessed from the FDIC's Web site at
To receive FILs electronically, please visit
Paper copies of FDIC financial institution letters
may be obtained through the FDIC's Public
Information Center, 3501 Fairfax Drive, E-1002,
Arlington, VA 22226 (1-877-275-3342 or 703-562-