Meeting: FDIC Board (open meeting)
The Federal Deposit Insurance Corp. (FDIC) Board will meet in open session. Among the items slated for action are a final rule on the community banking leverage ratio (CBLR) and a notice of proposed rulemaking […]
FDIC
FDIC
Agency updates, with mid-year numbers, annual summary of deposits at bank, thrift branches
Deposit totals for the more than 86,000 branches of the nation’s 5,300 banks and thrifts (and U.S. branches of foreign banks) are detailed in the annual survey of federally insured banks and thrifts as of […]
FDIC
Mid-year ’19 summaries for banking, economic conditions in each state released
The quarterly summaries of banking and economic conditions in each state at mid-year 2019 are available from the federal insurer of bank deposits, listing individual states’ economic indicators, banking trends and banking profiles. The second-quarter […]
FDIC
Help wanted: Agency seeks ‘disruptor’ to lead new innovation office, head up tech lab
A “disruptor” who understands the need for transformative change and the process for developing and using new technologies in financial services is the ideal candidate for the new chief innovation officer (CINO) position at the […]
FDIC
Board to consider final decision on CBLR, proposal on swap margin requirements
A final decision on the proposed Community Bank Leverage Ratio (CBLR) and a proposal on swap margin requirements are on the discussion agenda for the board of the Federal Deposit Insurance Corp. (FDIC) when it […]
FDIC
Fair lending, flood insurance sections of exam manual updated
Fair lending and flood disaster sections have been updated in the federal insurer of bank deposits’ compliance examination manual (CEM), the agency said Tuesday. The Federal Deposit Insurance Corp. (FDIC) said the updates were made […]
FDIC
Proposal on rate caps for less-than-well-capitalized institutions detailed in FIL
The recent proposal to revise rules governing interest-rate restrictions applied to less-than-well-capitalized depository institutions is summarized in a Financial Institution Letter (FIL) sent Monday by the Federal Deposit Insurance Corp. (FDIC). The proposed rule would […]
FDIC
No obstacles (thus far) to agencies acting in concert on a CRA proposal, McWilliams opines
At this point in time, the chairman of the federal bank deposit insurer sees no particular impediment to her agency moving in concert with the other two federal banking regulators in an eventual proposal revising […]
FDIC
Banks’ net income up 4.1% year over year in 2Q, FDIC reports
Aggregate net income for the nation’s 5,303 federally insured banks and savings institutions totaled $62.6 billion in the second quarter of 2019, up $2.5 billion – or 4.1% – from the same time one year […]
FDIC
Four banks earn ‘outstanding’ rating (out of 73 evaluated) for June CRA compliance assessment
Four banks earned ratings of “outstanding” – and one a rating of “needs improvement” – in June for their compliance with anti-redlining laws, the federal insurer of bank deposits said Thursday. In its report of […]