FDIC Extends Comment Deadline for Deposit Insurance Recordkeeping Proposal (Fed. Reg.)

The FDIC extended the comment deadline for its proposed rule: "Recordkeeping for Timely Deposit Insurance Determination." The proposal would facilitate the "prompt payment of FDIC-insured deposits should a large insured depository fail." The extension was published in the Federal Register. The purpose of the extension is to allow more time for the public to consider the proposal. Comments on the proposal are due by June 27, 2016.