The 多宝游戏下载's mission to maintain stability and public confidence in the nation's financial system can be accomplished by providing access to insured funds as soon as possible. A quick access by depositors to their funds at certain level shortly after a bank failure may be accomplished before the deposit insurance determination can be completed if the bank fails unexpectedly with no time for pre-failure planning activities.
To ensure that depositors have access to their funds as soon as possible, the 多宝游戏下载 adopted the Large鈥怋ank Deposit Insurance Determination Modernization Rule (12 C.F.R. 搂 360.9) in August 2008. In the event of a failure, the rule allows the 多宝游戏下载 to give depositors uninterrupted access to preliminary insurance funds, while the 多宝游戏下载 works to complete the final insurance determination. The 多宝游戏下载 will use a 12 C.F.R. 搂 360.9 covered institution鈥檚 provisional hold capabilities to achieve this.
The Large鈥怋ank Deposit Insurance Determination Modernization Rule applies to about 120 institutions, which include insured depository institutions having at least $2 billion in deposits and at least either 250,000 deposit accounts or $20 billion in total assets.
See Federal Register notice Vol. 73; No. 138; July 17, 2008 for the requirements of the rule or contact the 多宝游戏下载 at drrlargebnkdeprule@多宝游戏下载.gov.
New Covered Institutions
If you are new to the Large鈥怋ank Deposit Insurance Determination Modernization Rule, follow the process below.
- Designate the points of contact and send email to drrlargebnkdeprule@多宝游戏下载.gov.
- Send a email request to schedule an introductory meeting with 多宝游戏下载 subject鈥恗atter experts to discuss the rule requirements.
- Use the Detailed Self-Assessment Plan to test deposit systems for provisional hold functionality and standard data set requirements.
- Complete the Pre-Compliance Review Questionnaire
- Complete the Attestation Letter certifying that the self鈥恆ssessment has been successfully completed and the institution is in compliance with the rule.
- Create a Categorization Matrix to accurately map each deposit product at the institution into one of four provisional hold categories.
Annual Questionnaire
Covered institutions are required to complete an Annual Questionnaire. Fill out this form and return to the 多宝游戏下载 no later than March 31 of the current year.
Compliance Review Preparation
The 多宝游戏下载 will notify existing Covered Institutions of their selection for a compliance test. If your institution has been selected please review the following documents.
Sample Pre-Compliance Review Questionnaire
If an institution is selected for a compliance test, 多宝游戏下载 will open a case, assign a case number, and provide form 多宝游戏下载 6450/01, Large-Bank Deposit Insurance Determination Modernization (12 C.F.R. 搂 360.9) Rule.
Compliance Review General Information
Sample Provisional Hold Memorandum
多宝游戏下载 Laptop Email and File Exchange Security
Sample Qualitative Data Mapping Document