The Federal Deposit Insurance Corp. (FDIC) is implementing revisions to currently approved interagency forms, based on the recommendations of an interagency working group comprised of representatives from the FDIC, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency (OCC).
As detailed in a new Financial Institution Letter (FIL-38-2018), the FDIC is implementing revisions to and extending for a three-year period the following currently approved collections of information:
- Interagency Biographical and Financial Report
- Interagency Bank Merger Act Application
- Interagency Notice of Change in Control
- Interagency Notice of Change in Director or Senior Executive Officer
The agency says the changes are being made to: (a) improve the clarity of the requests; (b) reflect new laws, regulations, capital requirements and accounting rules; (c) delete information requests that have been determined to be unnecessary for the analysis of the proposal; and (d) add transparency for filers regarding the information that is required to consider a proposal.
Implementation of Updated Interagency Forms (FIL-38-2018)