FDIC Part 370 Rescission: Larger Banks Would Return to Section 360.9
On 30 October 2026 the FDIC Board approved a proposal, issued as FIL-63-2026 under RIN 3064-AG35, to remove FDIC Part 370, the Recordkeeping for Timely Deposit Insurance Determination rule, and revise 12 CFR 360.9, the Large-Bank Deposit Insurance Determination Modernization rule. Banks with two million or more deposit accounts would no longer have to build…