Federal Deposit Insurance Corporation Regulations and Non-Member State Bank Activities regarding Certificate of Deposit Maturity Notification

GGD-79-12: Published: Oct 20, 1978. Publicly Released: Oct 20, 1978.

Additional Materials:


Office of Public Affairs
(202) 512-4800

A survey was performed of the Federal Deposit Insurance Corporation's (FDIC) regulations and of nonmember state bank activities regarding certificate of deposit (CD) maturity notification. FDIC has not issued regulations covering such notification, and procedures are left to the individual bank's discretion. Notification procedures varied among institutions. Five of the nine banks reviewed had more thorough procedures than the others, including sending their depositors information on other available plans. The timing for issuing maturity notices varied among banks up to 45 days in advance of maturity. The Division of Bank Supervision should review CD maturity notification procedures and, if it is established that there is a correlation between the procedures and factors regarding bank size and location, a notification policy could be established accordingly.

Mar 16, 2018

Mar 15, 2018

Feb 27, 2018

Feb 26, 2018

Jan 30, 2018

Dec 8, 2017

Dec 7, 2017

Dec 6, 2017

Sep 29, 2017

Looking for more? Browse all our products here