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FDIC warning letter – dozens of banks altered uninsured deposit numbers

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Photo: George Rose/Getty Images

Julie DiMauro

2 min read
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Dozens of banks lowered their stated uninsured deposits, some significantly, leading to an FDIC warning letter.

On Monday, the Federal Deposit Insurance Corp. (FDIC) sent a warning to US banks not to take liberties with their deposit numbers.

A WSJ analysis of the banks’ filings with the FDIC shows that Bank of America and Huntington National Bank had among the biggest revisions to their uninsured-deposit numbers in

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