Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
FDIC
FDIC
FDIC
Seven banks earn ‘outstanding’ CRA ratings in first report for 2018
Seven banks, out of 67 evaluated, earned “outstanding” ratings this month for compliance with the Community Reinvestment Act, the Federal Deposit Insurance Corp. (FDIC) said Friday. No banks earned a rating of less than “satisfactory.” […]
FDIC
Call report changes approved by banking regulators, go live June 30
Call report changes, including revisions to schedules in response to adjustments in accounting for equity securities, have been finalized by the federal banking agencies, a government regulatory umbrella group said Wednesday. In a release, the […]
FDIC
Agencies readying tax guidance for 4th quarter call reports
Guidance on the impact of new tax laws passed by Congress in December will be issued by the federal banking agencies later this month – but the impact of the new laws, where necessary, should […]
FDIC
Deposit insurer lists 29 enforcement actions taken in November
Twenty-nine enforcement actions – including 10 removals and prohibitions and five civil money penalties – were issued by the federal insurer of bank and savings institution deposits in November, the agency said Friday. The Federal […]
FDIC
Guide offers pathway to collaboration for lending, investment in underserved communities
Noting that collaboration with Minority Depository Institutions (MDIs) provides “viable options for sound and profitable lending and investments” in underserved communities, the Federal Deposit Insurance Corp. (FDIC) Friday released a guide for banks and others […]
FDIC
Banking agencies redefine ‘shared national credits’ threshold for first time in 40 years
For the first time in 40 years, federal banking agencies have increased the aggregate loan commitment threshold for inclusion in “shared national credits” (SNC), raising the total from $20 million to $100 million, the agencies […]
FDIC
Agencies set slightly higher CRA thresholds for 2018
A “small bank” is one with assets of less than $1.252 billion, and an “intermediate small bank” is one with at least $313 million in assets but less than $1.252 billion, for purposes of community […]
FDIC
‘Designated reserve ratio’ for bank deposit insurance fund remains at 2% for 2018
A “designated reserve ratio” (DRR) of 2% for the fund that insures the deposits in the nation’s banks and savings institutions has been approved for 2018, according to filings with the Federal Register. The board […]
FDIC
Four big banks’ ‘living wills’ (out of eight) still need work (but no resubmission required)
Resolution plans – or “living wills” – of the eight largest banks will not have to be resubmitted, two federal banking agencies said Tuesday, because they do not have “deficiencies” that are weaknesses severe enough […]