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Simplification of Deposit Insurance Rules

FDIC · final-rule · Published 2022-01-28 · Effective 2024-04-01 · 87 FR 4455

Document

Document number
2022-01607
Federal Register citation
87 FR 4455
CFR reference
12 CFR 330
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2022-01-28
Effective date
2024-04-01

Abstract

The Federal Deposit Insurance Corporation is amending its regulations governing deposit insurance coverage. The amendments simplify the deposit insurance regulations by establishing a "trust accounts" category that governs coverage of deposits of both revocable trusts and irrevocable trusts using a common calculation, and provide consistent deposit insurance treatment for all mortgage servicing account balances held to satisfy principal and interest obligations to a lender.

Source

Authoritative
Federal Register document
Machine
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