deposit insurance assessments – Regulatory Report

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[ May 26, 2023 ] Directors from failed NOLA bank prohibited from further service or fined – or both FDIC
[ May 26, 2023 ] NCUA OIG: Loan and share account manipulation, BSA violations among reasons for recent small-credit union failures NCUA
[ May 26, 2023 ] Eight new members join FDIC’s advisory committee on community banking FDIC
[ May 25, 2023 ] NCUA staff project 1.25% share insurance fund ratio by June 30 NCUA
[ May 25, 2023 ] ‘Liquidity’ handbook gets updated, reflecting risks, changes in regulations OCC

FDIC plans ‘comprehensive review’ of deposit insurance; will propose rule in May for payments to cover costs of two failed banks

March 27, 2023 0

A comprehensive review of the federal bank deposit insurance system, as well as a review of the supervision by the deposit insurance agency of one of the two recently failed banks, will be conducted and […]

Another break on fees provided to banks, this time on deposit insurance assessments

June 23, 2020 0

The federal insurer of bank deposits is jumping on the bandwagon of easing assessments – in its case, for deposit insurance – on banks that participate in the loan program to help businesses weather the […]

Comments due late April on FDIC proposed assessment rule change for CBLR banks

February 20, 2019 0

A December proposal to revise the federal bank deposit insurance agency’s assessment rules to factor in a simpler capital framework for community banks is slated for publication in the Federal Register Friday with a comment […]

Directors from failed NOLA bank prohibited from further service or fined – or both

May 26, 2023 0

Nine directors of a failed New Orleans bank were either prohibited from ever serving again at a federally insured financial institution, assessed a civil money penalty (CMP) – or both, in one case – in enforcement actions taken by the [...]
NCUA OIG: Loan and share account manipulation, BSA violations among reasons for recent small-credit union failures

May 26, 2023 0

The four small federal credit unions liquidated during the period covered by their regulator’s most recent inspector general report to Congress were closed for reasons including loan and share account manipulation, failure to address Bank Secrecy Act deficiencies, and generally [...]
Eight new members join FDIC’s advisory committee on community banking

May 26, 2023 0

Eight new members of a committee on community banking will take their seats for a June 1 meeting next week, the federal bank deposit insurance agency said Friday. The eight new members of the Advisory Committee on Community Banking (which [...]
NCUA staff project 1.25% share insurance fund ratio by June 30

May 25, 2023 0

The federal fund that insures credit union members’ shares (deposits) is expected to dip to 1.25% by June 30, down from the fund’s 1.3% ratio at year-end 2022, according to information released Thursday by the National Credit Union Administration (NCUA). [...]
‘Liquidity’ handbook gets updated, reflecting risks, changes in regulations

May 25, 2023 0

The “liquidity” booklet of the national bank regulator’s handbook has been updated, reflecting risks associated with liquidity and changes in regulations since the booklet was last updated, among other things, the regulator said Thursday. According to the Office of the [...]
Three bankers join MDI subcommittee just in time for May 31 meeting

May 25, 2023 0

Three bankers from Wisconsin, the District of Columbia and Georgia are joining a subcommittee on minority depository institutions for the federal bank deposit insurance agency, it was announced Thursday. The Federal Deposit Insurance Corp. (FDIC) said the three bankers named [...]
Proposal would qualify veterans organizations for federal credit unions’ charitable giving via CDAs

May 25, 2023 0

Federal credit unions would be authorized to contribute to qualified war veterans organizations through the use of charitable donation accounts (CDAs) under proposed rule issued Thursday by the National Credit Union Administration (NCUA) Board. The proposed rule would revise Part [...]
Bank enforcement manual revision targets larger, complex banks with ‘persistent weaknesses’

May 25, 2023 0

How the national bank regulator determines if a larger, more complex bank has persistent weaknesses, and possible additional actions the agency may take to address those, are reflected in revisions to the manual on bank enforcement released by the agency [...]

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