Large-Bank Deposit Insurance Determination Modernization Rule
The "Large-Bank Deposit Insurance Determination Modernization" rule (12 CFR 360.9 of the FDIC's Rules and Regulations), requires the largest insured depository institutions to implement functionality for posting provisional holds and supplying depositor and customer data in a standard format. The rule applies to insured depository institutions having at least $2 billion in domestic deposits and at least either: (1) 250,000 deposit accounts; or (2) total assets of $20 billion, regardless of the number of deposit accounts for two consecutive quarters (a “Covered Institution”).
New Covered Institution
Current Covered Institution
Preparation for On-Site Reviews