Search Results for agency_names:"Federal Deposit Insurance Corporation"

The Federal Deposit Insurance Corporation (FDIC) held a Board of Directors meeting via video conference on January 19, 2021. The meeting covered several topics, including discussions on the final rule regarding supervisory guidance, and proposed rules on various regulations affecting state savings associations and banks. The Board decided to hold the meeting with less than seven days' notice due to urgent business needs. The meeting was open to the public and was webcast online.

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively known as "the agencies") are reviewing regulations affecting insured depository institutions. This review, under the Economic Growth and Regulatory Paperwork Reduction Act of 1996, aims to identify rules that are outdated, unnecessary, or too burdensome. The agencies are seeking public comments on specific categories of regulations, including Rules of Procedure, Safety and Soundness, and Securities, in hopes of reducing the regulatory impact, especially on community banks. Public comments are invited until March 11, 2025, and the agencies will use these to help decide if any regulations should be adjusted or removed.

The Federal Deposit Insurance Corporation (FDIC) has completed the process of winding up the affairs of a particular insured depository institution and has liquidated all related assets. The FDIC, acting as the Receiver, has also authorized FDIC-Corporate to handle any necessary paperwork. As of the termination date, the Receivership is officially closed, meaning the Receiver's duties are complete and it no longer exists as a legal entity.

The Federal Deposit Insurance Corporation (FDIC) has announced its intent to terminate the receiverships for certain institutions, as their asset liquidation has been completed. The FDIC plans to make a final dividend payment to authorized creditors, as allowed by the funds available. The notice specifies that these receiverships will end at least 30 days following the announcement date. Interested parties have until this deadline to submit written comments regarding these terminations.

The Federal Deposit Insurance Corporation (FDIC) is seeking public comments on renewing existing information collections as part of the Paperwork Reduction Act. These collections include the Mutual-to-Stock Conversion of State Savings Banks, Unauthorized Access to Customer Information, and Furnisher Information Accuracy and Integrity (FACTA 312). The FDIC wants input on the necessity, burden estimates, and possible improvements to these collections by May 21, 2025. They emphasize that all comments will be publicly recorded.

The Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation issued a report to Congress. As of September 30, 2024, they found no major differences in the accounting and capital standards for the banks they oversee. While there are some minor differences concerning definitions and rules, these do not significantly affect the institutions. The report highlights how certain rules apply differently to specific banking groups due to legal and regulatory requirements.

The Federal Deposit Insurance Corporation (FDIC) is inviting public comments on their request to approve a new version of the "Survey of Household Use of Banking and Financial Services." This survey, conducted with the U.S. Census Bureau, collects data on how U.S. households use banking and financial services, including those from nonbank sources. It aims to inform policymakers and help bring unbanked households into the traditional financial system. Comments must be submitted by March 19, 2021, to assist in minimizing the burden of data collection and improving the survey's quality and utility.

The Federal Deposit Insurance Corporation (FDIC) is asking the public and other federal agencies to comment on the renewal of certain information collections as part of their responsibilities under the Paperwork Reduction Act of 1995. These collections include the process for State savings banks to convert to stock form, notification procedures for unauthorized access to customer information, and guidelines for ensuring the accuracy of information provided to consumer reporting agencies. Comments can be submitted by email, mail, or hand delivery until May 5, 2025, and will help the FDIC manage these processes more effectively.

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.

The Federal Deposit Insurance Corporation (FDIC) is inviting public comment on renewing three information collections as part of its Paperwork Reduction Act obligations. These include applications for banks seeking trust powers, assessments of diversity policies, and notifications of computer security incidents. The comment period is open until February 21, 2025, and feedback can be submitted via the FDIC website, email, mail, or hand delivery. The FDIC seeks input on the necessity, accuracy, and ways to reduce the burden of these information collections.