Links in “FDIC”

A journal called Supervisory Insights, released today through FDIC, contains several helpful articles about subjects ranging from managing regulatory responsibilities to matters requiring board attention. The publication also creates a "forum" where industry members can discuss regulations, policies, best practices, and emerging issues.  [7/30/14]

Department of Justice's "Operation Choke Point," a controversial program to make access to the financial system difficult for certain businesses, has been dealt a blow by the FDIC, which has withdrawn a list of merchant categories that it said warranted heightened attention by banks. The list, including payday lenders, debt consolidation firms, pornography businesses and others, had been misinterpreted, resulting in banks severing ties with legitimate businesses in those industries, according to the FDIC. [7/29/14]

GreenChoice Bank, with 3 branches and $73 million in assets, became the 14th bank failure of 2014. Last year at this time, there were 16 bank failures. FDIC press release is here. [7/28/14]

The FDIC proposes the removal of regulations regarding electronic operations located in the Dodd-Frank Act. [7/21/14]

The FDIC released a study today on minority depository institutions (MDIs). The study takes a look at MDI structure, performance and social impact. [7/21/14]

In a letter to the House Financial Oversight Committee, NCUA Chair, Debbie Matz, claims that if the proposed risk-based capital rule had been in effect in 2007, it would have saved the NCUA Share Insurance Fund (NCUSIF) as much as $180 million. Matz added that the reason that some of the risk weightings are different in the proposed rule versus the FDIC rule is that the FDIC rule does not take into consideration concentration risk. [7/21/14]

According to a recent GAO study, the FDIC has not fully implemented controls regarding its information security management program. Four action items have been recommended by the GOA to help the FDIC enhance its program. [7/18/14]

The Federal Reserve Board, FDIC, and OCC agreed upon a correction for the definition of "eligible guarantee" as part of their risk-based capital rules. Better take a look, as the change could affect the way your institution determines its regulatory capital ratios. [7/17/14]

Just a friendly reminder that Call Report data for June 30, 2014 must be turned in to the FDIC by Wednesday, July 30, 2014. Take a look to make sure you are submitting everything correctly. [7/17/14]

The FDIC proposed new changes that would affect the regulatory capital rules, capital ratios and ratio thresholds, the assessment base calculation for custodial banks, and more. [7/16/14]