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FDIC Part 370 Rule: Recordkeeping for Timely Deposit Insurance Determination

Feb 20, 2018 12:20:36 PM / by Shanmugavel Sankaran posted in FDIC, Federal Deposit Insurance Corporation, Regtech


In April 2017, FDIC introduced the “Recordkeeping for Timely Deposit Insurance Determination” rule (Part 370) requiring insured institutions with more than two million deposit accounts to configure their systems to be capable of calculating the insured and uninsured amount in each deposit account by ownership right and capacity by April 2020.

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