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FDIC Federal Register Citations
From: Schmillen, Andy
Our bank has a significant amount of public, non-repo deposits (non-interest bearing and interest bearing) that we pledge investment securities against to essentially collateralize or guarantee the funds for the public entities we service in our market place. Because these are collateralized, why are we also be assessed additional insurance coverage against these funds? Is this not a "double dip" of liquidity cost relative to these types of transactions?
|Last Updated 11/10/2008||Regs@fdic.gov|