WASHINGTON — The Federal Deposit Insurance Corp.'s board of directors will consider a proposal next week to clarify the definition of deposits protected by the agency.

The board will meet in a public session at 10 a.m. on Feb. 12 at the FDIC's Washington headquarters. The one item on the agenda for public discussion deals with a proposed rule clarifying the insurance status of foreign branches of U.S. banks. It will be the board's second scheduled public meeting of the year.

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