Federal Deposit Insurance Corporation (FDIC)

  • Financial Institution Letter: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Iowa Affected by Severe Storms and Tornadoes

    FINANCIAL INSTITUTION LETTER | MAY 17, 2024 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Iowa Affected by Severe Storms 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 Iowa affected by severe storms and tornadoes. STATEMENT OF APPLICABILITY: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.DISTRIBUTION: FDIC-Supervised Financial Institutions in Iowa 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...

  • Financial Institution Letter: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Nebraska Affected by Severe Storms, Straight-line Winds, and Tornadoes

    FINANCIAL INSTITUTION LETTER | MAY 10, 2024 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Nebraska Affected by Severe Storms, Straight-line Winds, 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 Nebraska affected by severe storms, straight-line winds, and tornadoes. STATEMENT OF APPLICABILITY: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.DISTRIBUTION: FDIC-Supervised Financial Institutions in Nebraska 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...

  • Financial Institution Letter: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Ohio Affected by Tornadoes

    FINANCIAL INSTITUTION LETTER | MAY 10, 2024 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Ohio Affected by Tornadoes SUMMARY: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Ohio affected by tornadoes. STATEMENT OF APPLICABILITY: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.DISTRIBUTION: FDIC-Supervised Financial Institutions in Ohio 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 | MAY 6, 2024 By notational vote, the Board approved a notice regarding Proposed Rulemaking on Incentive-based Compensation Arrangements. The following item was approved: Proposed Rulemaking to Address Incentive-Based Compensation Arrangements Memorandum and resolution regarding Proposed Rulemaking on Incentive-based Compensation Arrangements Press Release Financial Institution Letter Statement by Chairman Martin J. Gruenberg Statement by Vice Chairman Travis Hill 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...

  • Financial Institution Letter: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Oklahoma Affected by Severe Storms, Straight-line Winds, Tornadoes, and Flooding

    FINANCIAL INSTITUTION LETTER | MAY 3, 2024 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Oklahoma Affected by Severe Storms, Straight-line Winds, Tornadoes, 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 Oklahoma affected by severe storms, straight-line winds, tornadoes, and flooding. STATEMENT OF APPLICABILITY: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.DISTRIBUTION: FDIC-Supervised Financial Institutions in Oklahoma 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...

  • Financial Institution Letter: Third-Party Risk Management, A Guide for Community Banks

    FINANCIAL INSTITUTION LETTER | MAY 3, 2024 Third-Party Risk Management, A Guide for Community Banks SUMMARY: The Federal Deposit Insurance Corporation (FDIC), along with the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, are issuing the Third-Party Risk Management, A Guide for Community Banks (Guide), as a resource to help community banks in developing and implementing their third-party risk management programs, policies, and practices. 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 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...

  • Press Release: FDIC Names Four Bankers to Minority Depository Institutions Subcommittee

    PRESS RELEASE | APRIL 24, 2024 FDIC Names Four Bankers to Minority Depository Institutions Subcommittee May 1st meeting to address key challenges and opportunities for minority banks WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today announced four new members of the agency's Minority Depository Institutions (MDI) Subcommittee to the Advisory Committee on Community Banking: John Tom Anderson, President and CEO, F&M Bank, Edmond, Oklahoma View full story...

  • Sunshine Act Notice: FDIC Board of Directors Meeting

    SUNSHINE ACT NOTICE | APRIL 23, 2024 FDIC BOARD OF DIRECTORS MEETING The FDIC Board of Directors will meet in open session: Time and Date: 10:00 a.m. on Thursday, April 25, 2024. Place: This Board meeting will be open to public observation only by webcast. FDIC Board Members and staff will participate from FDIC Headquarters, 550 17th Street, NW, Washington, DC. Read the Notice & Agenda 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...

  • Financial Institution Letter: Collecting Identifying Information Required Under the Customer Identification Program (CIP) Rule

    FINANCIAL INSTITUTION LETTER | MARCH 28, 2024 Collecting Identifying Information Required Under the Customer Identification Program (CIP) Rule SUMMARY: The FDIC is issuing this advisory to reemphasize the requirements under the Customer Identification Program (CIP) Rule as it relates to collecting identifying information from customers. This advisory reminds institutions of the information required to be collected from the customer prior to account opening. STATEMENT OF APPLICABILITY: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.DISTRIBUTION: FDIC-Supervised Financial 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...

  • Financial Institution Letter: Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Maine Affected by Severe Storms and Flooding

    FINANCIAL INSTITUTION LETTER | MARCH 26, 2024 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Maine 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 Maine affected by severe storms and flooding. STATEMENT OF APPLICABILITY: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.DISTRIBUTION: FDIC-Supervised Financial Institutions in Maine 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...

  • Financial Institution Letter: Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Rhode Island Affected by Severe Storms and Flooding

    FINANCIAL INSTITUTION LETTER | MARCH 26, 2024 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Rhode Island 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 Rhode Island affected by severe storms and flooding. STATEMENT OF APPLICABILITY: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.DISTRIBUTION: FDIC-Supervised Financial Institutions in Rhode Island 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 | MARCH 21, 2024 FDIC BOARD OF DIRECTORS MEETING Today the Federal Deposit Insurance Corporation’s Board of Directors met in an open session. The agenda includes: Proposed Statement of Policy on Bank Merger Transactions. Materials and information relative to the Board action are available here: Proposed Statement of Policy on Bank Merger Transactions Memorandum Proposed Statement of Policy Press Release Financial Institution Letter Statement by Chairman Martin J. Gruenberg Statement by Vice Chairman Travis Hill Statement by Director Jonathan McKernan Statement by Acting Comptroller Michael J. Hsu (OCC) A recording of the full webcast is available here. Read more 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...

  • Financial Institution Letter: Guidance to Help Financial Institutions and Facilitate Recovery in an Area of Alaska Affected by a Severe Storm, Landslides, and Mudslides

    FINANCIAL INSTITUTION LETTER | MARCH 20, 2024 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in an Area of Alaska Affected by a Severe Storm, Landslides, and Mudslides SUMMARY: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in an area of Alaska affected by a severe storm, landslides, and mudslides. STATEMENT OF APPLICABILITY: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.DISTRIBUTION: FDIC-Supervised Financial 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...

  • Press Release: FDIC Demands Three Companies Cease Making False or Misleading Representations about Deposit Insurance

    PRESS RELEASE | MARCH 19, 2024 FDIC Demands Three Companies Cease Making False or Misleading Representations aboutDeposit Insurance WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) issued letters demanding three companies and certain associated parties cease and desist from making false and misleading statements about FDIC deposit insurance. The FDIC is demanding that PrizePool, Inc. (PrizePool), AmeriStar, LLC (AmeriStar), and HighLine Gold, LLC (HighLine Gold) take immediate corrective action to address these false or misleading statements. In the case of AmeriStar and HighLine Gold, the FDIC has reason to believe these companies are related entities sharing several of the same principals and the same physical address, and therefore, issued a joint letter to them. View full story...

  • Sunshine Act Notice: FDIC Board of Directors Meeting

    SUNSHINE ACT NOTICE | MARCH 14, 2024 FDIC BOARD OF DIRECTORS MEETING The FDIC Board of Directors will meet in open session: Time and Date: 10:00 a.m. on Thursday, March 21, 2024. Place: This Board meeting will be open to public observation only by webcast. FDIC Board Members and staff will participate from FDIC Headquarters, 550 17th Street, NW, Washington, DC. Read the Notice & Agenda 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...

  • Financial Institution Letter: Regulatory Relief: FDIC Issues Temporary Exceptions to Appraisal Requirements in Maui County as Affected by Hawaii Wildfires

    FINANCIAL INSTITUTION LETTER | MARCH 13, 2024 REGULATORY RELIEF: FDIC Issues Temporary Exceptions to Appraisal Requirements in Maui County as Affected by Hawaii Wildfires SUMMARY: The FDIC is providing flexibility relative to appraisal requirements for real estate-related transactions in Maui County due to the Hawaii wildfires. The flexibilities may be exercised by any institution underwriting a real estate-related transaction in Maui County. STATEMENT OF APPLICABILITY: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.DISTRIBUTION: FDIC-Supervised Financial Institutions in Hawaii 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...