Links in “FDIC”

The FDIC’s Board of Directors will meet in open session on Tuesday, March 15, in pursuance with the Sunshine Act. The meeting will be webcast live here, and will be subsequently made available on-demand one week after the event. [3/11/16]

The FDIC releases a new bank customer guide to cybersecurity that includes tips for preventing online fraud and theft. The new guide includes resources that can help educate consumers on how to protect themselves from online criminals. [3/9/16]

The ABA has several suggestions for how to fix the FDIC's proposed small business lending survey, starting with how to ask about how banks handle overdrafts on their most basic, entry-level checking accounts. [3/8/16]

The FDIC is proposing new requirements for timely deposit insurance determination. The proposed rule would require certain large insured depository institutions to maintain data on each depositor’s ownership interest by right and capacity, and would facilitate prompt payment of FDIC-insured deposits in the event of a failure. [2/26/16]

The FDIC released the quarterly earnings report that shows Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported aggregate net income of $40.8 billion in the fourth quarter of 2015 with 57% of the 6,182 insured institutions reporting year-over-year growth in quarterly earnings. While merging issues are observed in the report, the overall picture shows improvement. [2/24/16]

Though its probably been a year or two (or 10 or 20) since your school days, the idea still rings true that the best way to prepare for an examination is to know what is going to be on the examination. That was true in then, and it's true in a compliance examination, too. Spending time becoming familiar with what the examiners will be working with in your next examination is a vital part of a well-rounded compliance program. And since the FDIC updated its manual in December 2015 with some fairly significant changes, it's the perfect time for a study session. [2/23/16]

The Fed has published interim final rules that raise the asset size limit for qualifying, well-capitalized banks from $500 million to $1 billion. So did the FDIC and OCC. [2/22/16]

The Federal Deposit Insurance Corporation (FDIC) has approved new record keeping requirements for insured depository institutions. This proposal would require institutions with more than 2 million deposit accounts to maintain complete and accurate data on each depositor. [2/18/15]

Western Dakota Bank in South Dakota earned the dubious distinction of being the sole "needs to improve" rating holder among the list of institutions whose CRA ratings were made public this month by the FDIC. [2/8/16]

Banks with less than $10 billion in assets that have been insured by the FDIC for at least five years would have the way their risk-based assessment are calculated under this proposed rule. Here's your chance to comment on it. [1/22/16]