"US Banking System Faces Unresolved Risk of Uninsured Deposits"

The FDIC has noticed that some insured depository institutions (IDIs) are not accurately reporting estimated uninsured deposits in their Call Reports. Some institutions are incorrectly reducing the reported amount by considering collateralized uninsured deposits, while others are excluding intercompany deposit balances of subsidiaries. The FDIC emphasizes that collateralization and intercompany deposits should not affect the portion of a deposit covered by federal deposit insurance. IDIs are urged to amend their Call Reports to ensure accuracy and comply with reporting requirements.