FDIC Board cancels Tuesday’s open meeting, will act by notation vote instead

The Federal Deposit Insurance Corp. (FDIC) on Monday canceled Tuesday’s open meeting and said the board will instead act by notation vote and announce results after.

The board will be considering a proposal related to parent companies of industrial banks and industrial loan companies. It originally planned to meet but only to permit viewing by the public online.

“Consistent with recent guidance from the Office of Management and Budget, and out of concern for the health of staff that would have been required to participate live, the FDIC has decided to proceed with tomorrow’s previously announced open Board of Directors meeting on a notational basis,” the agency said in a brief announcement released Monday evening. “Vote results and any Board Member statements will be released to the public following the votes.”

Notice of cancellation (for publication in March 19 Federal Register)