Notification to Institutions Covered by the FDIC's Recordkeeping for Timely Deposit Insurance Determination Rule Regarding Amendments to the Deposit Insurance Coverage Rules
FDIC · other · Published 2022-01-28 · 87 FR 4471
Document
Document number
2022-01608
Federal Register citation
87 FR 4471
CFR reference
12 CFR 370
Type
Rule
Action
Notification.
Category
other
Agency
US Federal Deposit Insurance Corporation
Publication date
2022-01-28
Abstract
The FDIC is publishing this notification to insured depository institutions covered by its Recordkeeping for Timely Deposit Insurance Determination rule that it has amended its deposit insurance coverage rules for certain trust accounts and mortgage servicing accounts and such amendments will take effect on April 1, 2024. The FDIC is publishing this notification to specify for covered institutions that they must prepare updates or changes to their deposit insurance calculation capabilities as a result of the amendments, and such changes must be implemented and operational on April 1, 2024, the effective date of the amendments.