Acting Comptroller of the Currency Michael J. Hsu issued statements at today’s Federal Deposit Insurance Corporation (FDIC) board meeting regarding bank merger policy and a notice of proposed rulemaking on depository institutions’ recordkeeping for custodial deposit accounts with transactional features.

Related Links

• Acting Comptroller Statement on FDIC Statement of Policy on Bank Merger Transactions (PDF)
• Acting Comptroller Statement on FDIC Notice of Proposed Rulemaking on Custodial Deposit Accounts with Transaction Features and Prompt Payment of Deposit Insurance to Depositors (PDF)
• Acting Comptroller of the Currency Michael J. Hsu