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Finance & markets · 23/02/2021Updated: 10/17/2026 · 1 min read

FDIC Adopts Final Rule for Industrial Bank and Industrial Loan Company Subsidiaries

Summary

The FDIC has finalized a rule requiring industrial banks and loan companies to enter into written agreements with the FDIC before becoming subsidiaries of non-Federal Reserve supervised companies, in order to maintain deposit insurance coverage.

Original source language: Federal Register — Federal Deposit Insurance CorporationOpen original release →

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