FDIC Board Approves Request for Information on Deposits

WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a request for information (RFI) soliciting the public's comments on deposit data that is not currently reported in the Call Report or other regulatory reports, including for uninsured deposits.

"The request for information seeks more granular information on the composition and characteristics of uninsured deposits, which directly contributed to the failures of the large regional banks in 2023," said FDIC Chairman Martin J. Gruenberg.

Through this RFI, the FDIC is seeking information on the characteristics that affect the stability and franchise value of different types of deposits and 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 of deposit insurance pricing; and provide analysts and the general public with accurate and transparent data.

The FDIC encourages comments from all interested parties, including but not limited to insured depository institutions, depositors and financial consumers, businesses that utilize various types of payroll and payment accounts, consumer groups, researchers, trade associations, and other members of the financial services industry, within 60 days of publication in the Federal Register.