{"description":"Documents associated with RIN 3064-AG07 - Recordkeeping for Custodial Accounts","count":2,"total_pages":1,"results":[{"title":"Recordkeeping for Custodial Accounts; Extension of Comment Period","type":"Proposed Rule","abstract":"On October 2, 2024, the FDIC published in the Federal Register a proposed rule that would strengthen FDIC-insured depository institutions' (IDI) recordkeeping for custodial deposit accounts with transactional features and preserve beneficial owners' and depositors' entitlement to the protections afforded by Federal deposit insurance. The proposed rule provided for a 60-day comment period, which closes on December 2, 2024. The FDIC has determined that an extension of the comment period until January 16, 2025, is appropriate. This action will allow interested parties additional time to analyze the proposal and prepare comments.","document_number":"2024-27097","html_url":"https://www.federalregister.gov/documents/2024/11/20/2024-27097/recordkeeping-for-custodial-accounts-extension-of-comment-period","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-11-20/pdf/2024-27097.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-27097.pdf?1732023946","publication_date":"2024-11-20","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"On October 2, 2024, the FDIC published in the Federal Register a proposed rule that would strengthen FDIC-insured depository institutions' (IDI) recordkeeping for custodial deposit accounts with transactional features and preserve beneficial owners'..."},{"title":"Recordkeeping for Custodial Accounts","type":"Proposed Rule","abstract":"The Federal Deposit Insurance Corporation (FDIC) is proposing requirements that would strengthen FDIC-insured depository institutions' (IDI) recordkeeping for custodial deposit accounts with transactional features and preserve beneficial owners' and depositors' entitlement to the protections afforded by Federal deposit insurance. The proposal is intended to promote the FDIC's ability to promptly make deposit insurance determinations and, if necessary, pay deposit insurance claims \"as soon as possible\" in the event of the failure of an IDI holding custodial accounts with transactional features. The proposed requirements also are expected to result in depositor and consumer protection benefits, such as promoting timely access by consumers to their funds, even in the absence of the failure of an IDI. The requirements described in this document would only apply to IDIs offering custodial accounts with transactional features and that are not specifically exempted as provided in this document.","document_number":"2024-22565","html_url":"https://www.federalregister.gov/documents/2024/10/02/2024-22565/recordkeeping-for-custodial-accounts","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-10-02/pdf/2024-22565.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-22565.pdf?1727786728","publication_date":"2024-10-02","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"The Federal Deposit Insurance Corporation (FDIC) is proposing requirements that would strengthen FDIC-insured depository institutions' (IDI) recordkeeping for custodial deposit accounts with transactional features and preserve beneficial owners' and..."}]}