Regulatory Alerts2024-07-30 | FIL-48-2024Request for Information on Deposits
The Federal Deposit Insurance Corporation has issued a Request for Information to gather comprehensive data on the composition, stability, and characteristics of insured and uninsured deposits following the March 2023 bank failures. This initiative seeks detailed reporting on collateralized, intercompany, and business payment accounts to enhance offsite risk monitoring, inform potential deposit insurance reforms, and improve the risk sensitivity of Deposit Insurance Fund pricing. Staff recommend Board approval and Federal Register publication with a sixty-day comment period to ensure banks provide more granular, transparent deposit data for regulators, analysts, and the public.
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