Search Results for keywords:"financial institution"

Found 4 results

Search Results: keywords:"financial institution"

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  • 2025-03288 — Agency Information Collection Activities: Submission to the Office of Management and Budget for Review and Approval; Comment Request; EIB 94-07, Exporters Certificate for Use With a Short-Term Financial Institution Buyer Credit or Export Letter of Credit Export Credit Insurance Policy
    Type:Notice
    Citation:90 FR 10925
    Reading Time:about a minute or two

    The Export-Import Bank of the United States (EXIM) is asking for comments on a proposed information collection to reduce paperwork and respondent burden. This collection involves a form that U.S. exporters must complete to certify their exports' eligibility for EXIM support. The form is used by financial institutions and is only submitted to EXIM if a claim is filed. People can submit their comments electronically or by mail by March 31, 2025, and the form is available online for review.

    Simple Explanation

    The Export-Import Bank of the United States wants to make sure that when businesses sell things to other countries, they follow the rules. They're asking people for ideas on how to make a form better that shows if these sales are okay, and people have until March 31, 2025, to share their thoughts.

  • 2025-03474 — Notice to All Interested Parties of Intent To Terminate Receivership
    Type:Notice
    Citation:90 FR 11172
    Reading Time:about a minute or two

    The Federal Deposit Insurance Corporation (FDIC) plans to end the receivership for a certain financial institution, as they have finished selling off its assets. A final payment will be given to creditors, and the receivership will close at least 30 days after this notice. People who wish to comment on this decision can send written comments within 30 days to the FDIC's Receivership Oversight Section in Dallas, Texas.

    Simple Explanation

    The FDIC is like a helper group that takes care of banks when they have problems. They are telling everyone they are almost done helping a certain bank and will finish in about a month. If people want to say something about this, they can send a letter to the FDIC in Texas.

  • 2021-03596 — Netting Eligibility for Financial Institutions
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    Type:Rule
    Citation:86 FR 11618
    Reading Time:about 23 minutes

    The Federal Reserve Board has finalized a rule that expands the definition of "financial institution" in Regulation EE, which is part of the Federal Deposit Insurance Corporation Improvement Act of 1991. This change is meant to enhance the netting protections under FDICIA, reduce systemic risk, and increase market efficiency. The new rule adds a variety of entities to the definition, including swap dealers, security-based swap dealers, and foreign central banks, among others. It also clarifies the activities-based test used to determine if an entity qualifies as a financial institution.

    Simple Explanation

    The Federal Reserve Board made a change to the rules so that more types of businesses, like those that trade financial swaps, can have special protections when they trade, like a safety net that helps if they have big money problems. This change makes trading smoother and safer, just like having more kids in a game means more fun and teamwork!

  • 2025-01739 — Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager
    Type:Notice
    Citation:90 FR 8215
    Reading Time:less than a minute

    The Federal Deposit Insurance Corporation (FDIC) has announced that it has become the only receiver for a particular financial institution that has been closed. This means the FDIC is now in charge of managing and liquidating the assets of this financial institution. The details of these institutions are regularly updated and can be found on the FDIC website. For further inquiries, individuals can contact the Chief of Receivership Oversight through email.

    Simple Explanation

    The Federal Deposit Insurance Corporation (FDIC) has taken charge of a bank that has closed. Now, the FDIC will look after the bank's money and things to make sure everything is handled properly.