FDIC Proposed Rule on Insured Deposits at Foreign Branches of U.S. Banks

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On February 12, the FDIC approved a notice of proposed rulemaking to clarify that deposits in foreign branches of U.S. banks are not FDIC-insured but they may be deposits for the national depositor preference statute enacted in 1993. Comments must be received within 60 days after publication in the Federal Register. FDIC Release. Proposed Rule.