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Speeches, Statements & Testimonies

Statement by Vice Chairman Travis Hill on the Request for Information on Deposits

I am supportive of the Request for Information (RFI).  I think soliciting input on the behavior and characteristics of different types of deposits, including in particular differentiating among types of uninsured deposits, is a helpful step by the agency.1  More generally, I think regulators need to think more holistically about the deposit landscape than we do today,2 and I view this RFI as a small step in the right direction.  In the long run, we should consider whether, how,3 and to what extent to collect more granular and frequent deposit data, and I think asking for broad feedback before proposing specific Call Report changes is useful.4  Finally, while any potential deposit insurance reform would ultimately be decided by Congress, I think seeking input from the public on the issue is constructive.

Last Updated: August 12, 2024