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Recordkeeping for Custodial Accounts; Extension of Comment Period

AGENCY:

Federal Deposit Insurance Corporation (FDIC).

ACTION:

Notice of proposed rulemaking; extension of comment period.

SUMMARY:

On October 2, 2024, the FDIC published in the Federal Register a proposed rule that would strengthen FDIC-insured depository institutions’ (IDI) recordkeeping for custodial deposit accounts with transactional features and preserve beneficial owners’ and depositors’ entitlement to the protections afforded by Federal deposit insurance. The proposed rule provided for a 60-day comment period, which closes on December 2, 2024. The FDIC has determined that an extension of the comment period until January 16, 2025, is appropriate. This action will allow interested parties additional time to analyze the proposal and prepare comments.

DATES:

The comment period for the proposed rule that published at 89 FR 80135 (October 2, 2024) is extended. Comments must be received on or before January 16, 2025.

https://www.federalregister.gov/documents/2024/11/20/2024-27097/recordkeeping-for-custodial-accounts-extension-of-comment-period

  • January 16, 2025
  • Time: 12:00 am – 12:00 am CDT
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