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FDIC RIN: 3064-AC80 Publication ID: Fall 2008 
Title: Deposit Insurance Coverage; Stored Value Cards and Other Nontraditional Access Mechanisms 
Abstract: FDIC published a proposed regulation that would clarify the insurance coverage of funds subject to transfer or withdrawal through the use of stored value cards and other nontraditional access mechanisms. This proposed rule is a revision of a proposed rule published by the FDIC in April of 2004 (the "First Proposed Rule"). See 69 FR 20558 (April 16, 2004). The purpose of the revised proposed rule (the "Second Proposed Rule") is to address certain issues raised by commenters in response to the original proposal. Through the Second Proposed Rule, the FDIC would add a new subsection to part 330 of title 12 of the Code of Federal Regulations. The new subsection would promote accuracy and consistency by insured depository institutions in reporting "deposits" for inclusion in an institution's assessment base. Also, the new subsection would provide guidance to the public about the insurance coverage of funds underlying nontraditional access mechanisms. 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: Undetermined 
CFR Citation: 12 CFR 330   
Legal Authority: 12 USC 1813(l)    12 USC 1813(m)    12 USC 1817(i)    12 USC 1818(q)    12 USC 1819 (Tenth)    ...   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  04/16/2004  69 FR 20588   
NPRM Comment Period End  07/15/2004    
Second NPRM  08/08/2005  70 FR 45571   
Second NPRM Comment Period End  11/07/2005    
Final Action  11/00/2008    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: http://www.fdic.gov/regulations/laws/federal/propose.html   Public Comment URL: http://www.fdic.gov/regulations/laws/federal/2005/05comstoredval.html  
RIN Data Printed in the FR: No 
Agency Contact:
Christopher L. Hencke
Counsel, Legal Division
Federal Deposit Insurance Corporation
550 17th Street NW.,
Washington, DC 20429
Phone:202 898-8839