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Comment Period: Large-Bank Deposit Insurance Determination Modernization

AGENCY:

Federal Deposit Insurance Corporation (FDIC).

ACTION:

Notice of proposed rulemaking and request for comment.

SUMMARY:

This notice likely will have limited impact on smaller community banks. The FDIC is proposing to modernize its large-bank deposit insurance determination framework to reduce regulatory and technology-related compliance burdens on large financial institutions, while preserving its ability to provide depositors with timely access to insured funds following a bank failure. The proposal would eliminate the existing requirements under 12 CFR Part 370, which currently require banks with two million or more deposit accounts to maintain their own systems capable of calculating insured and uninsured deposit balances. In place of those requirements, the FDIC would expand and revise 12 CFR 360.9, requiring larger institutions to maintain and provide standardized, accurate depositor and customer information, support automated provisional holds on certain accounts, and facilitate the FDIC’s own deposit insurance calculations. The proposal also clarifies certain definitions and compliance requirements, establishes provisions for exemptions and extensions, and adjusts specified regulatory thresholds for inflation. Comments are due January 4, 2027.

DATES:

Comments must be received by January 4, 2027.

https://www.federalregister.gov/documents/2026/11/04/2026-22495/large-bank-deposit-insurance-determination-modernization

  • January 4, 2027
  • Time: All Day
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