# Payment of Post-insolvency Interest In Receiverships With Surplus Funds
> **US Federal Deposit Insurance Corporation** · Final rule. · Published 2002-05-14 · 67 FR 34385
## Document
- **Document number:** 02-11947
- **Category:** final-rule
- **Agency:** US Federal Deposit Insurance Corporation
- **Federal Register citation:** 67 FR 34385
- **CFR reference:** 12 CFR 360
- **Publication date:** 2002-05-14
## Abstract

The Federal Deposit Insurance Corporation has adopted a final rule regarding the payment of post-insolvency interest in insured depository institution receiverships with surplus funds. The final rule establishes a single uniform interest rate, calculation method, and payment priority for post-insolvency interest. The final rule provides that where funds remain after the satisfaction of the principal amount of all creditor claims, post-insolvency interest will be paid in the order of priority set forth in section 11(d)(11)(A) of the Federal Deposit Insurance Act; paid at the coupon equivalent yield of the average discount rate set on the three-month Treasury bill at the last auction held by the United States Treasury Department during the preceding calendar quarter; adjusted each quarter after the receivership is established; and based on a simple interest method of calculation.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2002/05/14/02-11947/payment-of-post-insolvency-interest-in-receiverships-with-surplus-funds)
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