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FDIC

RIN: 3064-AD72

Publication ID: Spring 2011

Title: ●Deposit Insurance Regulations; Unlimited Coverage for Noninterest Bearing Transaction Accounts; Inclusion of Interest on Lawyers Trust Accounts
Abstract: The FDIC is adopting a final rule amending its deposit insurance regulations to implement an amendment to section 11(a)(1)(B)(iii) of the Federal Deposit Insurance Act (FDI Act), as added by section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-203), that includes interest on Lawyers Trust Accounts (IOLTAs) in the definition of "noninterest-bearing transaction account" for purposes of providing unlimited deposit insurance for such accounts for two years starting December 31, 2010.
Agency: Federal Deposit Insurance Corporation(FDIC)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 12 CFR 330
Legal Authority: 12 USC 1813(l), (m)    12 USC 1817(i)    12 USC 1818(q)    12 USC 1819(tenth)

Legal Deadline:  None

Timetable: Action Date FR Cite Final Rule  01/27/2011  76 FR 4813

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Joseph A. DiNuzzo Counsel, Legal Division Federal Deposit Insurance Corporation Washington, DC 20429 Phone:202 898-7349 James V. Deveney Section Chief, Deposit Insurance Section Federal Deposit Insurance Corporation Washington, DC 20429 Phone:202 898-6687