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America's Community Bankers
Robert E. Feldman
Re: Interim rule - Deposit Insurance Regulations; Inflation Index; Certain Retirement Accounts and Employee Benefit Plan Accounts
Dear Mr. Feldman,
Americas Community Bankers (ACB)1 is pleased to comment on the amendments to the Federal Deposit Insurance Corporations (FDIC) deposit insurance regulations. These revisions are in response to the Federal Deposit Insurance Reform Act of 2005 and the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 (Deposit Insurance Reform Acts).
ACB supports the interim regulation which implements the deposit insurance reform legislation as outlined in the FDICs Interim Rule. The Interim Rule provides for consideration of inflation adjustments to the maximum deposit insurance amount on a five year cycle; increases the deposit insurance limit for certain retirement accounts; and provides per participant insurance coverage to employee benefit plan accounts.
ACB appreciates the invitation to comment on this issue. If further information is requested, please do not hesitate to contact the undersigned at (202) 857-3158 or email at email@example.com, or Ike Jones at (202) 857-3132 or email at firstname.lastname@example.org.
Jodie G. Goff
|Last Updated 05/19/2006||Regs@fdic.gov|