Federal Deposit Insurance Corporation (FDIC)

  • Remarks by FDIC Acting Chairman Martin J. Gruenberg at the National Association of Affordable Housing Lenders

    Speech | November 2, 2022 Remarks by FDIC Acting Chairman Martin J. Gruenberg at the National Association of Affordable Housing Lenders In remarks to the National Association of Affordable Housing Lenders (NAAHL) at the National Press Club in Washington today, Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg highlighted the findings of FDIC’s just-released 2021 National Survey of Unbanked and Underbanked Households. “The FDIC’s mission is to ensure public confidence in the nation’s banking system. That confidence is bolstered when as many people as possible are connected to and benefit from their relationships with insured institutions,” said Acting Chairman Martin J. Gruenberg. “While we appear to have made meaningful progress since the inception of the survey, we are still far from ensuring that Americans of all backgrounds can fully participate in and View full story...

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

    Financial Institution Letter | October 25, 2022 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Illinois Affected by Severe 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 Illinois affected by severe storms and flooding. A copy of the Guidance 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 in Illinois 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 Advisory Committee on Economic Inclusion to Meet This Week

    Press Release | October 24, 2022 FDIC Advisory Committee on Economic Inclusion to Meet This Week One New Member also Announced WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Thursday, October 27, to discuss the 2021 FDIC National Survey of Unbanked and Underbanked Households. The committee will also discuss the importance of maintaining confidence in banks and deposit insurance in an increasingly digital banking environment, and key challenges facing their communities. In addition, the FDIC is pleased to announce that Marla Bilonick, President & CEO, National Association for Latino Community Asset Builders (NALCAB), Washington, D.C., has agreed to become the newest member of the ComE-IN and will participate in the upcoming meeting. The meeting will be Webcast live at http://fdic.windrosemedia.com beginning at View full story...

  • FDIC to Convene Meeting of its Advisory Community on Community Banking

    Media Advisory | October 21, 2022 FDIC to Convene Meeting of its Advisory Community on Community Banking On Wednesday, October 26, at 9 a.m. ET, Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg will host a meeting of the FDIC’s Advisory Community on Community Banking. Committee members will discuss and receive updates on a range of issues that affect the nation’s community banks, including examination policies and procedures, credit and lending practices, deposit insurance assessments, insurance coverage, and regulatory compliance. The meeting’s agenda includes a discussion of banking conditions; updates from the Office of the Ombudsman and the Minority Depository Institutions Subcommittee; a briefing on the amended Deposit Insurance Fund restoration plan and deposit insurance assessments; and a discussion regarding supervision and policy matters. Read the View full story...

  • FDIC to Convene Meeting of its Minority Depository Institutions Subcommittee

    Media Advisory | October 21, 2022 FDIC to Convene Meeting of its Minority Depository Institutions Subcommittee On Tuesday, October 25, at 1:00 p.m. ET, Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg will host a meeting of the FDIC’s Minority Depository Institutions (MDI) Subcommittee of the Advisory Committee on Community Banking . MDI Subcommittee members will share insights into key challenges and opportunities facing their communities and financial institutions including a spotlight on the U.S. Department of Treasury’s Bank Mentor Protégé program. WHO: Acting FDIC Chairman Martin J. Gruenberg Senior FDIC Leadership MDI Subcommittee Members WHAT: Meeting of the Minority Depository Institutions (MDI) Subcommittee of the Advisory Committee on Community Banking WHEN: Tuesday, October 25, 2022, at 1:00 p.m. ET HOW: This open portion of this meeting is View full story...

  • FDIC to Convene Meeting of its Advisory Committee of State Regulators

    Media Advisory | October 20, 2022 FDIC to Convene Meeting of its Advisory Committee of State Regulators On Monday, October 24, at 2:00 p.m. ET, Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg will host a meeting of the FDIC’s Advisory Committee of State Regulators. Committee members will discuss and receive updates on a range of policy issues regarding the regulation of state-chartered financial institutions throughout the U.S. and its territories. The meeting’s agenda includes a discussion of banking conditions; a dialogue regarding state and federal coordination; a briefing on the amended Deposit Insurance Fund restoration plan and deposit insurance assessments; and an update on minority and community development banking. Read the full agenda. WHO: Acting FDIC Chairman Martin J. Gruenberg Senior FDIC Leadership Advisory Committee Members WHAT: Meeting View full story...

  • UPDATE: FDIC Board of Directors Meeting

    Board Materials | October 18, 2022 (Updated to correct title and link for Final Rule onAssessments, Revised Deposit Insurance Assessment Rates) FDIC Board of Directors Meeting Today the Federal Deposit Insurance Corporation’s Board of Directors met in open session to discuss the Notice of Proposed Rulemaking on Assessments, Revised Deposit Insurance Assessment Rules and Proposed Amendments to the Guidelines for Appeals of Material Supervisory Determinations. Materials and information relative to the Board actions are available here: Final Rulemaking on Assessments, Revised Deposit Insurance Assessment Rules Press Release View full story...

  • FDIC Board of Directors Meeting

    Board Materials | October 18, 2022 FDIC Board of Directors Meeting Today the Federal Deposit Insurance Corporation’s Board of Directors met in open session to discuss the Notice of Proposed Rulemaking on Assessments, Revised Deposit Insurance Assessment Rules and Proposed Amendments to the Guidelines for Appeals of Material Supervisory Determinations. Materials and information relative to the Board actions are available here: Final Rulemaking on Assessments, Revised Deposit Insurance Assessment Rules Press Release View full story...

  • Remarks by Acting Chairman Martin J. Gruenberg at the American Bankers Association Annual Convention

    Speech | October 3, 2022 FDIC Acting Chairman Martin J. Gruenberg Addresses Bankers on Financial Risks of Climate Change WASHINGTON - Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg today addressed the annual convention of the American Bankers Association (ABA) on the financial risks of climate change. Speaking with ABA members in Austin, Texas, Acting Chairman Gruenberg said he is particularly focused on climate-related financial risks that impact the FDIC’s core mission to maintain stability and public confidence in the U.S. banking system. “Our role with respect to climate change is centered on the financial risks that climate change may pose to the banking system, and the extent to which those risks impact the FDIC’s core mission and responsibilities.” Acting Chairman Gruenberg also noted that: The FDIC will not be involved in determining which firms View full story...

  • Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Alaska Affected by a Severe Storm, Flooding and Landslides

    Financial Institution Letter | September 30, 2022 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Alaska Affected by a Severe Storm, 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 Alaska affected by a severe storm, flooding and landslides. A copy of the Guidance 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 in Alaska 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 Florida Affected by Hurricane Ian

    Financial Institution Letter | September 29, 2022 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Florida Affected by Hurricane Ian Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Florida affected by Hurricane Ian. A copy of the Guidance 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 in Florida 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 Hurricane Fiona

    Financial Institution Letter | September 26, 2022 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Puerto Rico Affected by Hurricane Fiona 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 Hurricane Fiona. A copy of the Guidance 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 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...

  • Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Salt River Pima-Maricopa Indian Community (Arizona) Affected by Severe Storms

    Financial Institution Letter | September 15, 2022 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Salt River Pima-Maricopa Indian Community (Arizona) Affected by Severe Storms Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Salt River Pima-Maricopa Indian Community (Arizona) affected by severe storms. A copy of the Guidance 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 in Salt River Pima-Maricopa Indian Community (Arizona) 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...

  • Supervisory Guidance on Multiple Re-Presentment NSF Fees

    Financial Institution Letter | August 18, 2022 Supervisory Guidance on Multiple Re-Presentment NSF Fees Summary: The FDIC is issuing guidance to FDIC-supervised institutions to address certain consumer compliance risks associated with assessing multiple non-sufficient funds (NSF) fees arising from the re-presentment of the same unpaid transaction, Additionally, the FDIC is sharing its supervisory approach when a violation of law is identified, as well as expectations for full corrective action. See the attached Supervisory Guidance on Multiple Re-Presentment NSF Fees for more information. 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 Missouri Affected by Severe Storms, Flooding, Landslides and Mudslides

    Financial Institution Letter | August 11, 2022 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Missouri Affected by Severe 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 Missouri affected by severe storms and flooding. A copy of the Guidance can be found on 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 in Missouri 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 Kentucky Affected by Severe Storms, Flooding, Landslides and Mudslides

    Financial Institution Letter | August 3, 2022 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Kentucky Affected by Severe Storms, Flooding, Landslides and Mudslides Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Kentucky affected by severe storms, flooding, landslides and mudslides. The Guidance is attached. Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions. Distribution: FDIC-Supervised Institutions in Kentucky 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...

  • Interagency Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts

    Financial Institution Letter | August 2, 2022 Interagency Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts Summary: The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) (collectively, the agencies), in consultation with state bank and credit union regulators, are inviting comment on a policy statement for prudent commercial real estate loan accommodations and workouts. Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC-insured financial institutions. Distribution: FDIC-Insured Financial 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...

  • UPDATE: Trust Examination Manual

    Trust Examination Manual | July 27, 2022 (Updated to correct the manual title and link) Thank you for opting to receive emails alerting you when the FDIC’s Trust Examination Manual (Trust Manual) is updated. July 2022 Update Section 1 – Management: Enhancements were made to Section 1 of the manual, these include: Reorganization to improve flow, clarity, and expansion of discussions about trust department policies, strategic planning, incentive compensation, dominant managers, management information systems, account reviews, and meetings between examiners and trust department management. The Trust Manual provides FDIC examiners information relating to trust concepts, principles, common and statutory laws, and regulations that govern the behavior of fiduciaries. The FDIC conducts examinations at financial institutions to ensure public confidence in the banking system and to protect the View full story...

  • Risk Management Manual of Examination Policies

    Risk Management Manual of Examination Policies | July 26, 2022 Thank you for opting to receive emails alerting you when the FDIC’s Risk Management Manual of Examination Policies (RMS Manual) is updated. July 2022 Update Section 1 – Management: Enhancements were made to Section 1 of the manual, these include: Reorganization to improve flow, clarity, and expansion of discussions about trust department policies, strategic planning, incentive compensation, dominant managers, management information systems, account reviews, and meetings between examiners and trust department management. The Trust Manual provides FDIC examiners information relating to trust concepts, principles, common and statutory laws, and regulations that govern the behavior of fiduciaries. The FDIC conducts examinations at financial institutions to ensure public confidence in the banking system and to protect the Deposit View full story...