Search Results for keywords:"Federal Deposit Insurance Corporation"

Found 28 results

Search Results: keywords:"Federal Deposit Insurance Corporation"

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  • 2021-01369 — Sunshine Act Meeting
    Type:Notice
    Citation:86 FR 6328
    Reading Time:about a minute or two

    The Federal Deposit Insurance Corporation (FDIC) announced a public board meeting to be held on January 19, 2021, at 10:00 a.m. Due to COVID-19 concerns, the meeting will be webcast live online for public viewing. The board will cover various topics, including the final rule on the role of supervisory guidance, and proposed rule changes regarding securities offerings. Further information can be obtained from the Deputy Executive Secretary, Ms. Debra A. Decker.

    Simple Explanation

    The FDIC is holding a meeting that people can watch online. They will talk about rules for banks, like how they give advice and deal with stocks.

  • 2024-30491 — Sunshine Act Meetings
    Type:Notice
    Citation:89 FR 103827
    Reading Time:about a minute or two

    The Federal Deposit Insurance Corporation (FDIC) Board of Directors held a closed meeting on December 17, 2024, at 10:45 a.m. in Washington, DC. They discussed FDIC’s resolution, supervision, and corporate activities. The meeting was called on short notice, as deemed necessary by the Board, and was closed to the public to maintain confidentiality as per the "Government in the Sunshine Act." For more details, Debra A. Decker, the Executive Secretary, can be contacted.

    Simple Explanation

    The FDIC board had a secret meeting to talk about important things they do, and they didn't invite the public because they needed to keep it private. They had to meet quickly, but they didn't explain exactly why it was such a hurry or what rules allowed them to keep it secret.

  • 2021-03456 — Assessments, Amendments To Address the Temporary Deposit Insurance Assessment Effects of the Optional Regulatory Capital Transitions for Implementing the Current Expected Credit Losses Methodology
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    Type:Rule
    Citation:86 FR 11391
    Reading Time:about 54 minutes

    The Federal Deposit Insurance Corporation (FDIC) has issued a final rule to adjust the way deposit insurance assessments for large banks are calculated. This change is aimed at preventing the temporary double counting of certain credit loss amounts related to the Current Expected Credit Losses (CECL) methodology in these assessments. By doing so, the rule ensures that big banks are charged fairly and accurately for their deposit insurance. The final rule will take effect on April 1, 2021, and is not expected to affect small banks or change regulatory capital.

    Simple Explanation

    The FDIC is making a new rule to help big banks pay exactly the right amount for their deposit insurance, which is like a safety net for people's money in the bank. They are fixing how they count some numbers so the banks don't have to pay extra by mistake.

  • 2025-04994 — Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
    Type:Notice
    Citation:90 FR 13600
    Reading Time:about 3 minutes

    The Federal Deposit Insurance Corporation (FDIC) is seeking public comments as part of its obligation under the Paperwork Reduction Act of 1995. They are considering renewing two existing information collections: one related to the Bank Protection Act compliance and another involving Post-Examination Surveys for FDIC-supervised banks. The FDIC wants input on the necessity and efficiency of these collections and suggestions to enhance them or reduce the burden on respondents, with comments due by May 27, 2025.

    Simple Explanation

    The government agency called the FDIC is checking if they should continue two projects that help keep banks safe and gather feedback after checking banks. They want people to tell them if these projects are still useful and easy to do by the end of May 2025.

  • 2021-01543 — Notice to All Interested Parties of Intent To Terminate Receivership
    Type:Notice
    Citation:86 FR 6879
    Reading Time:less than a minute

    The Federal Deposit Insurance Corporation (FDIC) is planning to end the receivership for a certain institution, which means it will no longer oversee its liquidation process. The FDIC has completed the sale of the institution's assets and will distribute the final payments to creditors using the remaining funds. Affected parties have 30 days from the notice date to submit written comments about the termination. This decision is made under the authority provided by U.S. law and aims to conclude the receivership now that it no longer serves a useful purpose.

    Simple Explanation

    The FDIC is like a cleanup crew that helps with banks that can't handle their money anymore. They fixed up all the remaining bits and plan to stop being in charge because there's nothing left to clean up. People who care have 30 days to share their thoughts before this ends.

  • 2025-04975 — Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
    Type:Notice
    Citation:90 FR 13596
    Reading Time:about 7 minutes

    The Federal Deposit Insurance Corporation (FDIC) has published a notice requesting public comments on the renewal of several information collections related to its operations. These collections involve various forms required from businesses and banks that work with the FDIC, such as contractors and government securities brokers. The document lays out the burden estimates and describes the types of data collected, ensuring they comply with laws like the Paperwork Reduction Act. Interested parties have until April 24, 2025, to submit their feedback, which will be considered part of the public record.

    Simple Explanation

    The FDIC wants to know what people think about renewing some forms they use, which helps them follow the rules. People can share what they think until April 24, 2025.

  • 2021-03210 — Agency Information Collection Activities; Submission for OMB Review; Comment Request
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    Type:Notice
    Citation:86 FR 10157
    Reading Time:about 15 minutes

    The Office of the Comptroller of the Currency, the Federal Reserve System, and the Federal Deposit Insurance Corporation are seeking public comments on proposed updates to the Consolidated Reports of Condition and Income, also known as Call Reports. These updates, intended to remain effective through 2021, address changes in asset measurement dates due to temporary asset growth linked to relief programs from the COVID-19 pandemic. The modifications aim to help financial institutions manage reporting burdens by allowing them to use asset figures from either December 2019 or June 2020 for determining their reporting requirements for the upcoming year. The agencies are inviting feedback about the utility, accuracy, and potential burden of these changes as they move forward with the proposal.

    Simple Explanation

    The government wants to hear from people about new rules for banks to report the money they have. These rules let banks choose older numbers to make reporting easier during the pandemic, and the government wants to know if people think this plan is helpful or too complicated.

  • 2024-30849 — Community Reinvestment Act Regulations Asset-Size Thresholds
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    Type:Notice
    Citation:89 FR 106480
    Reading Time:about 5 minutes

    The Federal Reserve System and the Federal Deposit Insurance Corporation have announced new asset-size thresholds for categorizing banks under the Community Reinvestment Act for 2025. Starting January 1, 2025, a "small bank" is defined as one with assets less than $1.609 billion, while an "intermediate small bank" is one with assets between $402 million and $1.609 billion, based on the inflation-adjusted increase of 2.91% in the Consumer Price Index. These changes will remain in effect through December 31, 2025.

    Simple Explanation

    The Community Reinvestment rules tell banks how big or small they are supposed to be based on their money size. Starting in 2025, a "small bank" has less than $1.609 billion, and an "intermediate small bank" has between $402 million and $1.609 billion.

  • 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.

  • 2021-02783 — Notice of Termination of Receiverships
    Type:Notice
    Citation:86 FR 9071
    Reading Time:less than a minute

    The Federal Deposit Insurance Corporation (FDIC), acting as the Receiver for several insured banks, has completed its role of wrapping up the banks' affairs and liquidating their assets. The FDIC has transferred the authority to execute any necessary legal documents to FDIC-Corporate. As a result, the receiverships have been terminated and no longer exist as legal entities.

    Simple Explanation

    The FDIC, like a helper for banks that are closing down, finished its job of taking care of some banks' leftover things and selling their stuff. Once everything was sorted out, they passed on the paperwork to another part of FDIC, and now these specific helpers are no longer needed.

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