Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Four statements of policy that have been deemed as outdated – including two dealing with collateral – are being rescinded by the federal insurer of bank deposits, the agency said Tuesday. In a financial institution […]
With the application approval of a bank to be located in St. George, Utah, earlier this month, nine “de novo” bank applications have been OK’d by the federal insurer of bank deposits in 2019 – […]
Leveraged lending at banks is on the rise, presenting greater risk and leading to greater scrutiny of the practice by regulators, the federal insurer of bank deposits said in a Dec. 23 report. “Leveraged lending […]
An examination module addressing risk management is now updated with a new appendix focusing on exam processes and tools, the federal insurer of bank deposits said Friday. Citing its aim to increase transparency into the […]
Resolution plans submitted to federal regulators by six of the eight banks that were required to submit them for 2019 showed “shortcomings” in the banks’ ability, in stressed conditions, to “reliably” produce the data needed […]
The “designated reserve ratio” (DRR) for the federal bank deposit insurance fund will remain at 2% in 2020, unchanged from last year and the nine years preceding that, according to filings Tuesday by the Federal […]
Changes are taking place in the leadership of data and information services at the federal insurer of bank deposits, as the top officer has resigned and the deputy is taking over. In the meantime, the […]
Data from 2018 on small business, small farm, and community development lending reported by banks and savings associations under Community Reinvestment Act (CRA) requirements is now available, the federal banking agencies said Monday. In a […]
Title: Incorporation of Existing Statement of Policy Regarding Requests for Participation in the Affairs of an Insured Depository Institution by Convicted Individuals Subject: Section 19 Agency: FDIC Status: Final rule Summary: Section 19 of the […]
A new framework for determining whether bank deposits placed through placement arrangements qualify as brokered deposits is part of a proposal issued by the Federal Deposit Insurance Corp. (FDIC) Board Thursday. Under the notice of […]
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