Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
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 […]
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 […]
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: Proposed rule Summary: The Federal Deposit Insurance […]
A proposed rule that would give banks new flexibility when working to comply with anti-redlining laws was approved for comment by the board of the federal insurer of bank deposits Thursday. On a split vote […]
A budget of $2.02 billion for 2020 was approved by the federal insurer of bank deposits, resulting in a $26 million (1.3%) decrease from the prior year budget, the agency said. In its meeting Thursday, […]
The chairman of the federal agency that insures bank deposits set the stage Wednesday for a proposed brokered deposits rule queued up for discussion during this week’s open board meeting, with the proposal expected – […]
Receiverships of two banks formerly headquartered in Connecticut and Alabama were terminated Dec. 1 by the Federal Deposit Insurance Corp. (FDIC), according to a notice this week in the Federal Register. The terminated receiverships were […]
A new section on sweep account disclosures was added this month to the Consumer Compliance Examination Manual (CEM) published by the Federal Deposit Insurance Corp. (FDIC), the agency said in an email Tuesday. The new […]
State-by-state profiles on economic and banking conditions were released Monday by the Federal Deposit Insurance Corp. (FDIC), formatted as a quarterly data sheet summation of economic and banking conditions for all 50 states, Puerto Rico, […]
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