The Federal Deposit Insurance Corp., led by Chairman Sheila Bair, on Thursday issued new rules requiring around 160 of the largest banks — those with at least $2 billion in domestic deposits and either $20 billion in assets or 250,000 deposits accounts — to adopt new procedures allowing banking regulators to settle existing accounts in the event of a bank failure….

The new rules for large banks will require them to standardize the information they provide to the FDIC on deposit accounts, and to put in systems to automatically post possible holds on very large deposit accounts.

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