Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Banks serving areas of Montana affected by severe flooding from a storm have been granted some regulatory relief from the federal insurer of bank deposits, the agency said Tuesday. In a release, the Federal Deposit […]
The annual bank research conference for the federal bank deposit insurer will be held in September as a mixed virtual and in-person event, the latter part the for the first time in three years, the […]
The federal bank deposit insurer on Friday issued a letter detailing regulatory relief for financial institutions in areas of Oklahoma affected by a severe storm, tornadoes, and flooding. Financial Institution Letter (FIL-31-2022) issued by the […]
Deposits swept from broker dealers with a primary purpose exception (PPE) to unaffiliated insured depository institutions (IDIs) must be reported as “brokered” if there are any additional third parties involved that qualify as a deposit […]
The due date and process for the filing of banks’ consolidated reports of condition and income (or call reports), including some direction related to crypto-assets and derivatives hedging, are outlined in a Financial Institution Letter […]
A brother-sister team was indicted late last week for laundering more than $42 million in drug proceeds through the U.S. financial system using more than seven dozen bank accounts belonging to nearly two dozen California-based […]
A Chicago attorney who reportedly lied about the use of funds he obtained from the now-defunct Washington Federal Bank for Savings and falsely claimed a mortgage interest deduction related to the credit was sentenced Wednesday […]
No customer type presents a single level of uniform risk or a particular risk profile related to money laundering, terrorist financing or other illicit financial activity, the federal banking and credit union agencies, along with […]
Title: Federal Deposit Insurance Corporation Amended Restoration Plan Subject: Deposit Insurance Fund (DIF) Agency: FDIC Status: Amended restoration plan Summary: The Federal Deposit Insurance Act (FDI Act) requires that the FDIC’s Board of Directors (Board) […]
Title: Assessments, Revised Deposit Insurance Assessment Rates Subject: Assessment rates; deposit insurance Agency: FDIC Status: Proposed rule Summary: The FDIC is seeking comment on a proposed rule that would increase initial base deposit insurance assessment […]
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