The FDIC proposed a change in bank deposit rules.
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The Federal Deposit Insurance Corp. offered for public comment a proposed rule that would liberalize existing regulations on interest-bearing bank deposits. The change would primarily affect large corporate customers that keep substantial sums in non-interest-bearing checking accounts to handle day-to-day bills. The FDIC proposal would loosen the law to the point at which nearly all accounts could pay interest. The rule is intended to replace current regulations, which expire April 1.
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