October 8, 2024

FDIC: Comment Period Extended on Request for Information on Deposits

The Federal Deposit Insurance Corporation (FDIC) is extending until December 6, 2024, the comment period on the agency’s Request for Information (RFI) on deposit data that is not currently reported in the Call Report or other regulatory reports, including for uninsured deposits. 

The FDIC issued the RFI to seek information on the characteristics that affect the stability and franchise value of different types of deposits and whether more detailed or more frequent reporting on these characteristics or types of deposits could enhance offsite risk and liquidity monitoring; inform analysis of the benefits and costs associated with additional deposit insurance coverage for certain types of deposits; improve risk sensitivity of deposit insurance pricing; and provide analysts and the general public with accurate and transparent data.

An extension of the comment period will allow the public additional time to consider the request, prepare comments, and address the questions posed by the FDIC. 

This post was originally published here.