Premium Prepayment A proposal by the Federal Deposit Insurance Corp. that would require all banks to prepay the next three years' worth of premiums. The FDIC said it would receive approximately $45 billion which it could use to deal with rising bank failures. The prepayment would count as a depreciating asset for banks. Under the plan, institutions can apply for a waiver if the prepayment would jeopardize their safety and soundness. Published Oct. 2 in the Federal Register with comments due Oct. 28.

Correspondent Concentration A proposal by the federal banking regulators that would require institutions to identify their level of exposure to correspondent banks, set prudent correspondent concentration limits and conduct an independent analysis to assess the credit and funding risk of any transaction with another institution before it occurs. Published Sept. 25. Comments due Oct. 26.

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