Federal Deposit Insurance Corporation (FDIC)

  • FDIC Board of Directors Meeting

    Board Materials | May 17, 2022 FDIC Board of Directors Meeting Today the Federal Deposit Insurance Corporation’s Board of Directors met in open session and approved the final rule on the False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC's Name or Logo. Materials and information relative to the Board actions are available here: False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC's Name or Logo Press Release Final Rule on False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo Financial Institution Letter Statement by Acting Chairman Martin J. Gruenberg A recording of the full webcast is available here. ### The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. Stay Connected View full story...

  • Guidance to Help Financial Institutions and Facilitate Recovery in Areas of New Mexico Affected by Wildfires and Straight-line Winds

    Financial Institution Letter | May 9, 2022 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of New Mexico Affected by Wildfires and Straight-line Winds Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of New Mexico affected by wildfires and straight-line winds. A copy of the Guidance can be found on the FDIC's website. Statement of Applicability: This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions. Distribution: FDIC-Supervised Institutions in New Mexico Read the FIL The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. Stay Connected View full story...

  • Updated: FDIC to Participate in Interagency Webinar on Community Reinvestment Act Notice of Proposed Rulemaking

    Webinar Updated to reflect correct registration link FDIC to Participate in Interagency Webinar on Community Reinvestment Act Notice of Proposed Rulemaking On May 5, 2022, the Federal Reserve System, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency jointly released a Notice of Proposed Rulemaking (NPR) that would reform the Community Reinvestment Act (CRA) regulations. The CRA seeks to address inequities in access to credit for low- and moderate-income, as well as underserved and rural communities. The agencies seek public feedback on the joint proposal, and comments are due on or before August 5, 2022. On Wednesday, May 11, 2022 3:00 p.m. ET, policy experts from the agencies will host a special Ask the Regulators webinar on the NPR to strengthen and modernize CRA regulations. During the webinar, the agencies will provide an overview of the View full story...

  • FDIC to Participate in Interagency Webinar on Community Reinvestment Act Notice of Proposed Rulemaking

    Webinar FDIC to Participate in Interagency Webinar on Community Reinvestment Act Notice of Proposed Rulemaking On May 5, 2022, the Federal Reserve System, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency jointly released a Notice of Proposed Rulemaking (NPR) that would reform the Community Reinvestment Act (CRA) regulations. The CRA seeks to address inequities in access to credit for low- and moderate-income, as well as underserved and rural communities. The agencies seek public feedback on the joint proposal, and comments are due on or before August 5, 2022. On Wednesday, May 11, 2022 3:00 p.m. ET, policy experts from the agencies will host a special Ask the Regulators webinar on the NPR to strengthen and modernize CRA regulations. During the webinar, the agencies will provide an overview of the proposal and its objectives. Topics will include View full story...

  • FDIC Board of Directors Meeting

    Board Materials | May 5, 2022 FDIC Board of Directors Meeting Today the Federal Deposit Insurance Corporation’s Board of Directors met in open session and approved an interagency proposed rule on the Community Reinvestment Act. Materials and information relative to the Board actions are available here: Community Reinvestment Act Press Release Fact Sheet on Proposed CRA Rulemaking Financial Institution Letter Notice of Proposed Rulemaking on Revisions to the Community Reinvestment Act Regulations Statement by Acting Chairman Martin J. Gruenberg Statement by Director Rohit Chopra Statement by Director Michael J. Hsu A recording of the full webcast is available here. ### The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. Stay Connected View full story...

  • Agencies Propose to Update and Modernize the Uniform Rules of Practice and Procedure for Formal Administrative Enforcement Proceedings

    Press Release | April 13, 2022 Agencies Propose to Update and Modernize theUniform Rules of Practice and Procedure for Formal Administrative Enforcement Proceedings WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) invites comment on an interagency proposal to update the rules governing formal administrative proceedings for insured depository institutions. The proposed updates would modernize these rules, aligning them with current practices and facilitating the use of electronic communications and technology in formal administrative proceedings. The proposal was jointly developed with the Federal Reserve Board, the Office of the Comptroller of the Currency, and the National Credit Union Administration. View full story...

  • FDIC Supports National Financial Capability Month

    National Financial Capability Month | April 8, 2022 FDIC Supports National Financial Capability Month April is National Financial Capability Month, and the FDIC offers several resources to help educate and protect consumers. Here are a few ways to connect with us and our community partners across the country this month and throughout the year: How Money Smart Are You? View full story...

  • Notification of Engaging in Crypto-Related Activities

    Financial Institution Letter | April 7, 2022 Notification of Engaging in Crypto-Related Activities Summary: All FDIC-supervised institutions that intend to engage in, or that are currently engaged in, any activities involving or related to crypto assets (also referred to as “digital assets”) should notify the FDIC. FDIC-supervised institutions are requested to provide information described in this letter. The FDIC will review the information and provide relevant supervisory feedback. A copy of the letter can be found on the FDIC’s website. Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions. Distribution: FDIC-Supervised Institutions Read the FIL The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. Stay Connected View full story...

  • Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Puerto Rico Affected by Severe Storms, Flooding and Landslides

    Financial Institution Letter | April 5, 2022 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Puerto Rico Affected by Severe Storms, Flooding and Landslides Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Puerto Rico affected by severe storms, straight-line winds and tornadoes. A copy of the Guidance can be found on the FDIC's website. Statement of Applicability: This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions. Distribution: FDIC-Supervised Institutions in Puerto Rico Read the FIL The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. Stay Connected View full story...

  • FDIC Request for Information on Bank Merger Act

    Financial Institution Letter | March 25, 2022 FDIC Request for Information on Bank Merger Act Summary: The Federal Deposit Insurance Corporation sent for publication in the Federal Register a Request for Information (RFI) seeking information and comments regarding the application of the laws, practices, rules, regulations, guidance, and statements of policy (together, regulatory framework) that apply to merger transactions involving one or more insured depository institutions, including the merger between an insured depository institution and a noninsured institution. Statement of Applicability: This Financial Institution Letter (FIL) applies to all FDIC-insured financial institutions. Distribution: All Insured-Depository Institutions Read the FIL The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. Stay Connected View full story...

  • Acting Chairman Gruenberg Issues Statement on the Property Appraisal and Valuation Equity (PAVE) Task Force Report

    Statement | March 25, 2022 Acting Chairman Gruenberg Issues Statement on the Property Appraisal and Valuation Equity (PAVE) Task Force Report WASHINGTON—Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg issued the following statement regarding the release of the Action Plan to Advance Property Appraisal and Valuation Equity (PAVE): I want to thank Secretary Fudge and Ambassador Rice for their leadership in bringing agencies of the federal government together to focus attention on an underappreciated facet of discrimination in the mortgage market – appraisal bias that negatively impacts wealth building opportunities for minority homeowners and communities. The PAVE Task Force is the first-ever federal government effort to explore and focus attention on this issue, and the Action Plan released this week highlights key actions to address it. The FDIC has made View full story...

  • Rescission of Statement on Part 363 Annual Reports in Response to the Coronavirus

    Financial Institution Letter | March 15, 2022 Rescission of Statement on Part 363 Annual Reports in Responseto the Coronavirus Summary: On March 27, 2020, the FDIC issued Financial Institution Letter (FIL-30-2020), Statement on Part 363 Annual Reports in Response to the Coronavirus, which provided an additional 45 days for insured depository institutions (IDIs) subject to Part 363 of the FDIC’s regulations to file their Part 363 Annual Reports and Other Reports and Notices. The FDIC, in consultation with federal and state financial regulators, is rescinding FIL-30-2020. Statement of Applicability: This Financial Institution Letter applies to all insured depository institutions with $500 million or more in total assets. Distribution: All Insured-Depository Institutions Read the FIL The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. Stay Connected View full story...

  • FDIC Releases Economic Scenarios for 2022 Stress Testing

    Press Release | February 15, 2022 FDIC Releases Economic Scenarios for 2022 Stress Testing WASHINGTON -- The Federal Deposit Insurance Corporation (FDIC) today released the hypothetical economic scenarios for use in the upcoming stress tests for covered institutions with total consolidated assets of more than $250 billion. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 requires certain financial companies, including certain state nonmember banks and state savings associations, to conduct stress tests. In 2018, Congress increased the size of what is considered a covered institution from $10 billion to $250 billion. The supervisory scenarios include baseline and severely adverse scenarios. The baseline scenario is in line with a survey of private sector economic forecasters. The severely adverse scenario is not a forecast, rather, it is a hypothetical scenario View full story...

  • Federal Bank Regulatory Agencies to Host the 2022 National Interagency Community Reinvestment Conference

    Press Release | February 4, 2022 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency Federal Bank Regulatory Agencies to Host the2022 National Interagency Community Reinvestment Conference The three federal bank regulatory agencies and the Federal Reserve Banks of Chicago and San Francisco will host the 2022 National Interagency Community Reinvestment Conference on March 15-17. The biennial conference offers participants from around the country the opportunity to learn about the Community Reinvestment Act (CRA); participate in regulator-led training on CRA examinations; and discuss best practices, emerging ideas, and challenges in community development. This year’s program, “Reimagine, Reinvest, Rebuild,” will be held online. For the full agenda and to register for the conference, visit the National Interagency View full story...