Links in “FDIC”
- Host State Loan-to-Deposit Ratios Released
The Federal Reserve Board, OCC, and FDIC issued the host state loan-to-deposit ratios that will be used to determine compliance with section 106 of the Riegle-Neal Interstate Banking and Branching Efficiency Act. [7/3/14]
- OK, We’ll Ask Again. Does Anyone Have a Comment?
After not receiving any comments regarding the renewal of existing information requirements, the FDIC submitted to the OMB a request for approving the renewal of collection practices regarding record keeping and disclosure requirements in connection with Regulation M and Regulation B. The FDIC is inviting comments for a second time on the renewal of these requirements, with a deadline set for September 2, 2014. [7/3/14]
- New “as of” Date for Bank Annual Stress Tests
The FDIC proposes to modify the âas-ofâ dates for financial data (that covered banks will use to perform their stress tests) as well as the reporting dates and public disclosure dates of the annual stress tests for both $10 billion to $50 billion covered banks and $50 billion covered banks. [7/1/2014]
- CRA Consideration Expanded to New Areas
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2014 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as "community development." [7/1/2014]
- FDIC Cracks the Whip
The FDIC issued a total of 39 orders which include two consent orders; one prompt corrective action directive; seven removal and prohibition orders; seven section 19 orders; three civil money penalties; 16 orders terminating consent orders and cease and desist orders; one order dismissing notice of assessment of civil money penalties and order to pay; one order terminating supervisory prompt corrective action directive; and one final order of dismissal. [6/30/14]
- FDIC Proposes Changes to Reporting Requirements for Regulatory Capital
The changes would increase the number of risk-weighted categories as part of Schedule RC-R, Part II. Additionally, the revision includes greater detail on loans and new items for reporting securitization exposures under the standardized approach. [6/26/14]
- FDIC Asks: What Stresses You Out about the Annual Stress Test Rule?
The Federal Deposit Insurance Corporation (FDIC) today announced it is seeking comment on a notice of proposed rulemaking amending the FDIC's Annual Stress Test rule. [6/17/2014]
- BSA Bedevils Bancorp
Bancorp Bank's consent order with the FDIC calls for the Delaware bank to fix its BSA program, including appointing a qualified BSA/OFAC officer, addressing its suspicious activity monitoring, enhancing customer due diligence, completing a look-back project, establishing an independent testing program, and bolstering its training program. [6/16/14]
- FDIC Shows Off New and Improved Education Materials
The FDIC made some significant improvements to the deposit insurance education materials on its website, allowing for quick public access to basic information in addition to the in-depth information already available. Check it out! [6/10/14]
- FDIC Releases 2014 SOD Survey
The FDIC made the Summary of Deposits (SOD) survey available yesterday. All FDIC-insured institutions with branch offices must submit the survey by July 31, 2014. [6/6/14]
