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Financial Institution Letter

Request for Information on Deposits

July 30, 2024
Notes
 

Summary:

The Federal Deposit Insurance Corporation is soliciting comments through a Request for Information (RFI) on deposit data that is not currently reported in the Federal Financial Institutions Examination Council’s (FFIEC) Consolidated Reports of Condition and Income (Call Report) or other regulatory reports, including for uninsured deposits.

A copy of the Request for Information can be found here.

Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.

Highlights:

  • While banks are required to provide certain data on deposit liabilities on the Call Report, they do not report comprehensive data on the composition of insured and uninsured deposits.
  • Through this RFI, the FDIC is seeking information on characteristics that affect the stability and franchise value of different types of deposits to further evaluate whether and to what extent certain types of deposits may behave differently from each other, particularly during periods of economic or financial stress.
  • The FDIC is also seeking information on whether more detailed or more frequent reporting on these characteristics or types of deposits could enhance offsite risk and liquidity monitoring; inform analysis of the benefits and costs associated with additional deposit insurance coverage for certain types of deposits; improve risk sensitivity in deposit insurance pricing; and provide analysts and the general public with accurate and transparent data.
  • Among other things, the RFI seeks comment on how banks measure the stability of different types of uninsured deposits; the types of deposits for which banks collect and maintain data internally; whether the collection of additional data on deposits could better inform understanding of depositor behavior and, if so, what data; and additional data that could help inform discussions if Congress were to pursue increased deposit insurance coverage.
  • Comments are due within 60 days of publication in the Federal Register.
FIL-48-2024
Attachment(s)
Statement by Martin J. Gruenberg, Chairman, FDIC Board of Directors, Request for Information on Deposits

Last Updated: July 30, 2024