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The FDIC extended until Dec. 6 the comment period on its request for information on deposits, as advocated by ICBA.
About the RFI: The RFI focuses on deposit data that is not currently reported in the call report or other regulatory reports, including for uninsured deposits.
Requested Information: Citing the impact of uninsured deposits on the failures of Silicon Valley Bank and Signature Bank of New York, the request seeks information on:
The characteristics that affect the stability and franchise value of different types of deposits.
Whether additional reporting could enhance monitoring, inform analysis of additional deposit insurance coverage for certain types of deposits, and improve risk sensitivity of deposit insurance pricing.
Request for Extension: ICBA and other groups in August urged the FDIC to extend the comment period by 60 days, noting the original deadline did not give stakeholders sufficient time to gather the broad swaths of data the FDIC is requesting.