An open meeting of the Federal Deposit Insurance Corp. (FDIC) Board next Tuesday will include board action on a proposal related to parent companies of industrial banks and industrial loan companies – the only topic to receive substantive discussion – and will be viewable by the public only via webcast amid ongoing concerns about the coronavirus, the agency said in a notice.
“Out of an abundance of caution related to current and potential coronavirus developments, the public’s means to observe this Board meeting will be via a Webcast live on the Internet and subsequently made available on-demand approximately one week after the event,” according to the notice, which is slated for publication Thursday in the Federal Register. The agency also posted the meeting notice on its website.
The March 17 meeting is scheduled to begin at 2 p.m. Eastern time.