
FDIC Warns Banks Over Estimated Uninsured Deposit Inaccuracies
The Federal Deposit Insurance Corporation (FDIC) said some banks have been incorrectly reporting their estimated uninsured deposits. In an open letter to bank executives posted on its website Monday (July 24), the banking regulator highlighted common errors and called on banks that have misreported their deposit data to amend their Call Reports. “Each [insured depository institution (IDI)] is responsible […]
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