Disclosure of Financial and Other Information by FDIC-Insured State Nonmember Banks
The Federal Deposit Insurance Corporation (FDIC) is amending its regulations by rescinding and removing its regulations entitled Disclosure of Financial and Other Information By FDIC-Insured State Nonmember Banks. Upon the removal of the regulations, all insured state nonmember banks and insured state-licensed branches of foreign banks (collectively, “banks”) would no longer be subject to the annual disclosure statement requirement set out in the existing regulations. The financial and other information that has been subject to disclosure by individual banks under the regulations is publicly available through the FDIC’s website.
|Comments due date:|
|Final rule effective date:||
April 17, 2019
|Rule compliance date:|
|Agency release:||Disclosure of Financial and Other Information by FDIC-Insured State Nonmember Banks|
|Related Reg Report item(s):||Bowing to technology, FDIC gives state banks a break by dumping disclosure requirements (March 15, 2019)|