Deposit Broker's Processing Guide
For overnight packages sent after October 24, 2007, please use the following
address:
Federal Deposit Insurance Corporation Attention: Lynette Martin 1601
Bryan Street Dallas, Texas 75201
|
Update:
April 25, 2005 |
Notice to Brokers:
As of April 25, 2005, the FDIC has established an online subscription service to
allow Brokers to receive information when either of two events occur that
may affect you. These two events include:
- changes are made by the FDIC to the Depositor Brokers Processing Guide
- a financial institution insured by the FDIC is closed.
This new online subscription service is
intended to assist you in the following:
- the timely identification of any modifications you or your firm may wish
to make to your internal processes in response to changes in the filing requirements
required in the Deposit Broker's Processing Guide.
- prompt notification of the closing of an FDIC insured financial institution
in which your firm may have deposited funds.
Please note that information will be sent to
all registrants and the subscription service will not
be used to communicate with
individual
Brokers. Therefore, your receipt of information concerning a bank
failure will
not necessarily be an indication that you or your
firm had brokered funds at the failed bank.
If you are interested in receiving information, please register with the Online
Subscription Service by providing your Email Address and Occupation
or Affiliation. In
order to receive the above information, when registering please check the
box next
to "Deposit
Brokers"
on the Publication
List in the right column. |
|
|
Update:
September 30, 2004 |
For the following forms, OMB Numbers and FDIC Numbers were added
and the expiration dates updated. The following documents are formatted as Word
files.
Word Help - Information on obtaining Microsoft® Word.
Declaration for Custodian
Deposit 41k
Declaration for Joint Ownership Deposit 52k
Declaration for Testamentary Deposit
(Single Grantor) 44k
Declaration for Testamentary Deposit
(Multiple Grantors) 63k
Declaration for Trust 69k
Declaration of Independent Activity 51k
Declaration of Independent Activity
for Unincorporated Association 54k
Declaration for Public Unit Deposit 52k
Declaration for IRA/KEOGH Deposit 41k
Declaration
for Plan and Trust 46k
Declaration for Defined Benefit Plan 46k
Declaration for Defined Contribution
Plan 55k
Declaration for Health and Welfare Plan 43k |
For the following forms, FDIC Numbers were added. The following documents are formatted as Word
files.
Word Help - Information on obtaining Microsoft® Word.
Power of Attorney 41k
Declaration for Power of Attorney 35k
|
|
Disclaimer |
The sole purpose of this Processing Guide is to facilitate the transmission
of information from deposit brokers to the Federal Deposit Insurance
Corporation ("FDIC"). Nothing in this Processing Guide should be construed
as an endorsement by the FDIC of the practices of a particular deposit
broker. Similarly,
the Processing Guide should not be construed as a statement of how
the FDIC will
calculate the insurance coverage of a particular deposit. The rules
for determining the deposit insurance are provided in the FDICs
regulations at 12 C.F.R. Part 330.
Also, note:
- The FDICs insurance regulations and the contents of this Processing Guide are
subject to change.
- The submission of false information to the FDIC could result in the imposition of
serious criminal penalties under 18 U.S.C. §1007.
- "Pass through" deposit insurance coverage is not available for deposits held
by any trust or other business arrangement that has filed or is required to file a
registration statement with the Securities and Exchange Commission pursuant to Section 8
of the investment act of 1940, subject to the provisions in the FDICs
insurance regulations at 12 C.F.R. §330.11(a)(2).
This site is intended to:
- Provide a reference guide to deposit brokers acting as agents
for their investor clientele. This site outlines the FDIC's policies and procedures
that must be followed by deposit brokers when filing for pass-through insurance coverage
on custodial accounts deposited in a failed FDIC Insured Institution.
- Provide copies of forms and a
submission file format that
Deposit Brokers must use to provide information for the FDIC to determine pass-through
deposit insurance coverage on each custodial account. This information may be
downloaded for your convenience.
Deposit Brokers' Insurance Guide
- Overview.
Deposit Broker Processing Guide - Table
of Contents.
To Deposit Brokers' Investors:
The FDIC must receive the custodial fund information directly from the
Deposit Broker who opened the deposit account at the failed FDIC insured institution.
|
|
If
you have any inquiries, please contact Lynette Martin (972) 761-2524 or Debra
Foster at 972-761-2502;
or to e-mail click on the contact name below. |