Deposit insurer schedules meeting to review insurance fund performance, proposed/final rules

An update of projected deposit insurance fund losses, income, and reserve ratios for the restoration plan will be the main agenda item when the board of the federal savings insurance agency meets next week.

The board meeting is set for March 20 at 10 a.m. in FDIC headquarters in Washington.

According to the agenda released Tuesday by the Federal Deposit Insurance Corp. (FDIC), the board of the agency will also consider a slew of other items on its “summary agenda” (that is, those items on which “no substantive discussion is expected”).

Among the “summary agenda” items under consideration:

  • Notice of Proposed Rulemaking: Annual Stress Test – Applicability Transition for Covered Banks with $50 Billion or More in Assets; Technical and Conforming Changes.
  • Regulatory Capital Rules: Removal of Certain Capital Rules That Are No Longer Effective Following the Implementation of the Revised Capital Rules [Part 325].
  • Technical Amendments to Assessment Rules.
  • Adoption of FBA Policy Statement on Enforcement Action Information Sharing.
  • Notice of Proposed Rulemaking Regarding Fiduciary Powers of State Savings Associations and Consent Requirements for the Exercise of Trust Powers.
  • Review of Regulations Transferred from the Former Office of Thrift Supervision: Part 390, Subpart I – Consumer Protection in Sales of Insurance [Final Rule].
  • Final Rule regarding Removal of OTS Regulations Re: Minimum Security Procedures Amendments (Removal of part 391, subpart A, entitled Security Procedures and amend FDIC regulations to be applicable to state savings associations).
  • Summary reports, status reports, and reports of actions taken pursuant to authority delegated by the Board of Directors, and reports of the Office of Inspector General.

Any one of those items could be discussed if a member of the FDIC Board requests that an item be moved to the discussion agenda. Otherwise, FDIC said, “these matters will be resolved with a single vote.”

FDIC Board meeting agenda, March 20

Calendar: FDIC Board meeting (with video stream address noted)