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The Federal Deposit Insurance Corporation (FDIC) held a closed meeting via video conference on January 19, 2021, at 10:22 a.m. The Board determined that urgent corporation business needed attention with less than seven days' public notice and decided that these matters could not be discussed in an open meeting due to specific exemptions under the "Government in the Sunshine Act." Individuals seeking more information about the meeting are advised to contact Ms. Debra A. Decker, Deputy Executive Secretary of the Corporation.

The Federal Deposit Insurance Corporation (FDIC) has announced that it is granting temporary relief to certain financial institutions. These institutions, which manage mortgage servicing accounts, are being given until March 31, 2022, to meet specific technology and recordkeeping requirements necessary for calculating deposit insurance. This relief period is intended to allow these institutions more time to improve their systems and processing capabilities. The FDIC will continue to monitor the situation and may change or withdraw the relief if needed.

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.

The Federal Deposit Insurance Corporation (FDIC) acted as the Receiver for certain insured banks, handling the closure and asset liquidation of these institutions. The FDIC has completed its duties, distributed necessary dividends, and subsequently appointed FDIC-Corporate to handle any remaining documentation. As of the listed termination dates, the receiverships are officially closed, and the entities no longer exist legally. This action is backed by the authority of U.S. law.

The Federal Deposit Insurance Corporation (FDIC) has issued a notice requesting public comments on the renewal of two information collections related to its obligations under the Paperwork Reduction Act of 1995. The first collection involves employees applying for jobs at the FDIC, requiring them to certify they meet certain fitness and integrity standards. The second collection involves verifying the eligibility of individuals or entities to purchase assets from failed banks under FDIC receivership. The FDIC is asking for feedback on the necessity, accuracy, quality, and burden of these information collections before the deadline of February 7, 2025.

The Federal Deposit Insurance Corporation (FDIC) has proposed a new rule to simplify its regulations by removing outdated and unnecessary ones. This proposed rule focuses on eliminating certain definitions transferred from the Office of Thrift Supervision (OTS) that are no longer applicable because related regulations are being removed. The change would primarily affect a small number of state savings associations supervised by the FDIC and is not expected to have a significant impact on these institutions or the larger economy. The FDIC invites public comments on the proposed rule and its potential effects.

The Federal Deposit Insurance Corporation (FDIC) is asking the public and other federal agencies to comment on renewing some paperwork processes. This request is part of their duties under a law called the Paperwork Reduction Act of 1995. They are looking at seven specific areas, such as rules for municipal securities dealers and foreign banks, and they want to know if these processes are still effective and have real-world uses. People can send in their comments via the FDIC website, email, or regular mail by April 19, 2021.

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.

The Federal Deposit Insurance Corporation (FDIC) is proposing changes to its regulations concerning securities offerings by State savings associations and State nonmember banks. The FDIC plans to streamline regulations by removing outdated rules transferred from the Office of Thrift Supervision and creating a new unified regulation for securities disclosures. This new rule aims to simplify and align requirements with current securities laws, ensuring both State savings associations and State nonmember banks are subject to the same rules. The proposed rule also includes technical amendments and invites public comments on these changes until April 5, 2021.

The Federal Deposit Insurance Corporation (FDIC) is proposing a new rule allowing it to exempt certain supervised institutions from filing Suspicious Activity Reports (SARs). This proposed rule aims to give these institutions the flexibility to develop innovative solutions for meeting Bank Secrecy Act (BSA) requirements more efficiently. If enacted, the rule would align the FDIC more closely with the Financial Crimes Enforcement Network (FinCEN), reducing regulatory burdens for institutions using advanced technologies. The rule outlines procedures for exemption and invites public comments until February 22, 2021.