Deposit Insurance Regulations; Temporary Increase in Standard Coverage Amount; Mortgage Servicing Accounts; Revocable Trust Accounts; International Banking; Foreign Banks

• Date: December 28, 2009
• Source: www.fdic.gov

The FDIC is adopting a final rule amending its deposit insurance regulations to: Reflect Congress’s extension, until December 31, 2013, of the temporary increase in the standard maximum deposit insurance amount (‘‘SMDIA’’) from $100,000 to $250,000; finalize the interim rule, with minor modifications, on revocable trust accounts; and finalize the interim rule on mortgage servicing accounts. The FDIC is also adopting technical, conforming amendments to its international banking regulations to substitute several existing references to ‘‘$100,000’’ with references to the SMDIA

Effective Date: This rule is effective October 19, 2009

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