Federal Deposit Insurance Corporation (FDIC)

  • Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Pennsylvania Affected by Hurricane Ida

    Financial Institution Letter September 16, 2021 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Pennsylvania Affected by Hurricane Ida Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Pennsylvania affected by Hurricane Ida. 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 financial institutions. Distribution: FDIC-Supervised Institutions in Pennsylvania Read the FIL . The FDIC does not send unsolicited email. 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 North Carolina Affected by Remnants of Tropical Storm Fred

    Financial Institution Letter September 13, 2021 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of North Carolina Affected byRemnants of Tropical Storm Fred Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of North Carolina affected by remnants of Tropical Storm Fred. 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 financial institutions. Distribution: FDIC-Supervised Institutions in North Carolina Read the FIL . The FDIC does not send unsolicited email. 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...

  • FDITECH Extends Registration for Tech Sprint to Measure and Test Bank Resilience

    FDITECH September 9, 2021 FDITECH Extends Registration for Tech Sprint to Measure andTest Bank Resilience WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today extended the registration period to participate in a tech sprint designed to identify and develop measures, data, and other capabilities to understand how resilient banks are to major disruptions. Interested organizations may submit applications requesting participation until 5:00pm ET on September 19, 2021. The extended registration period will not affect the duration of the tech sprint. After a review of applications, the FDIC’s Tech Lab (FDITECH) will invite a select number of organizations and teams, from among private and public sector experts in operational resilience, financial institutions, non-profit organizations, academic institutions, and others, to participate. Selected teams will attend an initial View full story...

  • Guidance to Help Financial Institutions and Facilitate Recovery in Areas of New Jersey and New York Affected by Remnants of Hurricane Ida

    Financial Institution Letter September 9, 2021 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of New Jersey and New York Affected by Remnants of Hurricane Ida Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of New Jersey and New York affected by remnants of Hurricane Ida. 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 financial institutions. Distribution: FDIC-Supervised Institutions in New Jersey and New York Read the FIL . The FDIC does not send unsolicited email. 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 Results of Summary of Deposits Annual Survey

    Press Release September 3, 2021 FDIC Releases Results of Summary of Deposits Annual Survey The Federal Deposit Insurance Corporation (FDIC) today released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2021. The FDIC’s Summary of Deposits (SOD) provides deposit totals for each of the more than 81,000 domestic offices operated by more than 4,900 FDIC-insured commercial and savings banks, savings associations, and U.S. branches of foreign banks. The SOD includes historical data going back to 1994 that can be analyzed using online reports, tables, and downloads. SOD users can locate bank offices in a particular geographic area and create custom market share reports for areas such as state, county, and metropolitan statistical area. Market share reports allow users to see market growth and market presence for specific institutions. The View full story...

  • Guidance to Help Financial Institutions and Facilitate Recovery in Areas of California Affected by Wildfires

    Financial Institution Letter August 31, 2021 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of California Affected by Wildfires Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of California affected by wildfires. 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 financial institutions. Distribution: FDIC-Supervised Institutions in California Read the FIL . The FDIC does not send unsolicited email. 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...

  • Conducting Due Diligence on Financial Technology Companies: A Guide for Community Banks

    Financial Institution Letter August 27, 2021 Conducting Due Diligence on Financial Technology Companies:A Guide for Community Banks Summary: The Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency (the federal banking agencies) are issuing the Conducting Due Diligence on Financial Technology Companies: A Guide for Community Banks (Guide), which is intended to help community banks in conducting due diligence when considering relationships with financial technology (fintech) companies. A copy of the Guide can be found on the FDIC website. Statement of Applicability: This Financial Institution Letter (FIL) applies to all FDIC-supervised financial institutions. Distribution: FDIC-Supervised Institutions Read the FIL . The FDIC does not send unsolicited email. 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 Tennessee Affected by Severe Storms and Flooding

    Financial Institution Letter August 26, 2021 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Tennessee Affected bySevere Storms and Flooding Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Tennessee affected by severe storms and flooding. 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 financial institutions. Distribution: FDIC-Supervised Institutions in Tennessee Read the FIL . The FDIC does not send unsolicited email. 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...

  • FDITECH Launches Tech Sprint to Measure and Test Bank Operational Resiliency

    Financial Institution Letter August 16, 2021 FDITECH Launches Tech Sprint to Measure andTest Bank Operational Resiliency Summary: The Federal Deposit Insurance Corporation (FDIC) today announced a ‘tech sprint’ designed to explore new measures, data, tools, or capabilities to determine how well community banks, and the banking sector as a whole, can withstand a major disruption of any type. Statement of Applicability: This Financial Institution Letter (FIL) applies to all FDIC-insured financial institutions. Distribution: FDIC-Supervised Institutions Read the FIL . The FDIC does not send unsolicited email. 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...

  • FDITECH Selects Eight Teams in Tech Sprint to Reach the Unbanked

    Press Release August 12, 2021 FDITECH Selects Eight Teams in Tech Sprint to Reach the Unbanked WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the selection of eight teams to participate in a ‘tech sprint’ designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers. The FDIC’s tech lab, FDITECH, launched Breaking Down Barriers: Reaching the Last Mile of the Unbanked on July 6, 2021. This first-of-its-kind tech sprint challenged participants to identify better resources and tools to help banks bring unbanked consumers into the banking system and to sustain those banking relationships over time. “As we work to build the banking system of the future, one of our most important challenges is to make certain that banking is open and accessible to every family,” said FDIC Chief Innovation Officer Sultan Meghji. “We look View full story...

  • Authentication and Access to Financial Institution Services and Systems

    Financial Institution Letter August 11, 2021 Authentication and Access to Financial Institution Services and Systems Summary: The Federal Financial Institutions Examination Council (FFIEC) issued new guidance titled Authentication and Access to Financial Institution Services and Systems. The guidance provides financial institutions with examples of effective authentication and access risk management principles and practices. These principles and practices are for digital banking services and information systems. The guidance is available on the FDIC’s website. Statement of Applicability: This Financial Institution Letter (FIL) applies to all FDIC-supervised 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...

  • FDIC Requests Four Companies to Submit Pilot Proposals in Next Phase of Rapid Phased Prototyping Competition

    Press Release August 9, 2021 FDIC Requests Four Companies to Submit Pilot Proposals inNext Phase of Rapid Phased Prototyping Competition WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today requested that four companies submit proposals as part of the next phase of an on-going Rapid Phased Prototyping Competition (RPP) in order to accelerate the adoption of modern technological tools. These tools would help financial institutions draw inferences from their data, and to improve data structure, portability, and processing that may support more efficient back-office operations and reporting. Financial institutions that voluntarily chose to adopt the technologies could also see benefits in reduced compliance costs and greater ability to integrate new technologies into their operations more effectively. These tools would also help support the FDIC’s supervisory and financial View full story...

  • Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Michigan Affected by Severe Storms, Flooding, and Tornadoes

    Financial Institution Letter July 23, 2021 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Michigan Affected by Severe Storms, Flooding, and Tornadoes Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Michigan affected by severe storms, flooding, 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 financial institutions. Distribution: FDIC-Supervised Institutions in Michigan 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 Board of Directors Meeting

    Board Materials July 20, 2021 FDIC Board of Directors Meeting Today the Federal Deposit Insurance Corporation’s Board of Directors met in open session. A recording of the meeting can be viewed here. Materials and information relative to the Board actions are available here: Proposed Rule: Deposit Insurance Simplification Proposed Rule: Deposit Insurance Simplification Statement by Chairman McWilliams Press Release Financial Institution Letter Fact Sheet 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...

  • Updates to Public Information on Brokered Deposits

    Financial Institution Letter July 6, 2021 Updates to Public Information on Brokered Deposits Summary: The Federal Deposit Insurance Corporation (FDIC) has updated the resources available on the FDIC’s Banker Resource Center Brokered Deposits. The website has been updated to include a list of entities for which a Primary Purpose Exception Notice has been submitted. The webpage also includes an updated Question and Answer document addressing questions received on the brokered deposits regulation. Interested parties can sign up to receive alerts when the Brokered Deposits page is updated through the FDIC Subscription Service. Statement of Applicability: This Financial Institution Letter (FIL) applies to all FDIC-supervised financial institutions. Distribution: FDIC-Supervised Institutions Read the FIL . The FDIC does not send unsolicited email. 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...