This article was first published in Community Banker, May 2009. Copyright 2009. All rights reserved. This file is for web posting and e-mail distribution only; may not be used for commercial reprints.
Effective March 4, FDIC issued a final rule on the processing of deposit accounts in the event of an insured depository institution failure. The final rule establishes guidelines under which the agency will determine the extent of deposit insurance coverage for depositors at a failed bank.