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FDIC RIN: 3064-AE00 Publication ID: Spring 2013 
Title: ●Deposit Insurance Regulations; Deposits in Foreign Branches 
Abstract: The FDIC is proposing to amend its deposit insurance regulations, with respect to deposits payable in branches of United States insured depository institutions "United States bank" or "bank") outside of the United States. The proposed rule clarified that deposits in these foreign branches of United States banks are not FDIC insured deposits. This would be the case whether or not they are dually payable both at the branch outside the United States and at an office within the United States. As discussed further below, a recent proposal by the United Kingdom's Financial Services Authority ("U.K. FSA") makes it very likely that large United States banks will be changing their United Kingdom foreign branch deposit agreements to make them payable both in the United Kingdom and the United States. This action has the potential to increase significantly the exposure of the Deposit Insurance Fund (''DIF'') and operational complexities were such deposits to be treated as insured. The purpose of the proposed rule is to preserve confidence in the FDIC deposit insurance system, ensure that the FDIC can effectively carry out its critical deposit insurance functions, and protect the DIF against the uncertain liability that it would otherwise face as a global deposit insurer. 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 330   
Legal Authority: 12 USC 1813(l)    12 USC 1813(m)    12 USC 1817(i)    12 USC 1818(q)    ...   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  02/19/2013  78 FR 11604   
NPRM Comment Period End  04/22/2013 
Final Rule  07/00/2013 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Data Printed in the FR: No 
Agency Contact:
Matthew Green
Associate Director
Federal Deposit Insurance Corporation
550 17th Street NW.,
Washington, DC 20249
Phone:202 898-3670
Email: mgreen@fdic.gov

F. Angus Tarpley III
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-8521
Email: ftarpley@fdic.gov

Catherine Ribnick
Counsel, Legal Division
Federal Deposit Insurance Corporation
550 17th Street NW.,
Washington, DC 20429
Phone:202 736-0117
Email: cribnick@fdic.gov