"The Final Rule amends the deposit insurance regulations, 12 C.F.R. Part 330, section 330.3(e), as they relate to deposits payable outside of the United States. The Final Rule states explicitly that an obligation of [a U.S. bank] that is carried on the books and records of a foreign branch of a U.S. bank shall not be an insured deposit for the purposes of the deposit insurance regulations, even if the obligation is also payable at an office within the United States. This ensures that the FDIC will be able to fulfill its statutory mission and protect the [Deposit Insurance Fund] (DIF) from potential global liability."
"There is no indication that Congress ever intended the DIF to have global liability."