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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Recordkeeping for Timely Deposit Insurance Determination

The "Recordkeeping for Timely Deposit Insurance Determination" rule (12 CFR Part 370 of the FDIC's Rules and Regulations), requires each insured depository institution that has two million or more deposit accounts  (a “Covered Institution” as defined in § 370.2(c) of the rule) to (1) configure its information technology system to be capable of calculating the insured and uninsured amount in each deposit account by ownership right and capacity, which would be used by the FDIC to make deposit insurance determinations in the event of the institution’s failure, and (2) maintain complete and accurate information needed by the FDIC to determine deposit insurance coverage with respect to each deposit account, except as otherwise provided.

For more information pertaining to the rule see Federal Register notice Part 370 - Recordkeeping for Timely Deposit Insurance Determination or contact the FDIC at

Information Technology Functional Guide

The FDIC has prepared the following Information Technology Functional Guide ("Guide") - PDF to assist the information technology teams of the Covered Institutions in implementing systems compliant with 12 C.F.R. Part 370 (“Part 370”). The FDIC requested feedback from Covered Institutions prior to the Part 370 effective date to ensure that this Guide provides adequate and clear information.

The FDIC recognizes that as Covered Institutions begin to build out their information technology systems to comply with Part 370, new information regarding system architecture, interfaces, capabilities, and limitations may come to light resulting in additional feedback on the Guide. In an effort to provide current guidance to Covered Institutions, the FDIC anticipates that this Guide will be updated over time, as necessary, based on feedback from Covered Institutions or additional FDIC input. To the extent questions arise regarding Part 370, including the information contained in this Guide, please contact the FDIC at

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