Enter Search TextSubmitSearch Advanced Search     Home     Deposit Insurance     Consumer Protection     Industry Analysis     Regulations & Examinations     Asset Sales     News & Events     About FDIC

		Home > Regulation & Examinations > Laws & Regulations > FDIC Law, Regulations, Related Acts

FDIC Law, Regulations, Related Acts

[Main Tabs]     [Table of Contents - 4000]     [Index]     [Previous Page]     [Next Page]     [Search] 4000 - Advisory Opinions Pledge of Government Securities for the Purpose of Securing Bank Deposits In Excess of $100,000 FDIC-90-10 February 16, 1990 Gerald J. Gervino, Senior Attorney   In your letter to us, you inquire concerning the pledging of government securities to cover deposits in excess of $100,000 maintained by a public unit in your bank. You specifically ask for our opinion as to whether or not the bank may secure public funds with government securities to the extent that the funds exceed our insurance limitations.   The FDIC has no rule or regulation that prohibits a pledge of government securities for the purpose of securing bank deposits. We suggest that you may wish to contact local bank regulatory authorities or local counsel for an opinion with respect to local law.   If you have any further questions, please write or call me at (202) 898-3723. {{2-29-00 p.4444}} [Main Tabs]     [Table of Contents - 4000]     [Index]     [Previous Page]     [Next Page]     [Search]

regs@fdic.gov

Home    Contact Us    Search    Help    SiteMap    Forms Freedom of Information Act (FOIA) Service Center    Website Policies    USA.gov

FDIC Office of Inspector General