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Reduce liability for losses on commercial accounts by adhering to four requirements.
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Money Fund
Report AveragesTM
7-Day Yield — 0.01
30-Day Yield — 0.02
7-Day Comp Yield — 0.01
All Taxable Averages (Based on 1,026 funds with assets of $2.32 trillion - 5/22/13)
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FDIC Announces Availability of Public Sections of Resolution Plans
July 5 - The FDIC has made available the public sections of the initial resolution plans submitted to the FDIC and Federal Reserve under Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Firms in this group include U.S. bank holding companies with $250 billion or more in total nonbank assets and foreign-based bank holding companies with $250 billion or more in total U.S. nonbank assets. All submissions were received by the deadline of July 2, 2012.
The public summaries are available at:
www.fdic.gov/regulations/reform/resplans/index.html
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