FDIC

The FDIC has issued for public comment a proposal that would require certain large insured nonmember banks and savings institutions to conduct annual capital-adequacy stress tests.

Section 165(i) of the Dodd-Frank Wall Street Reform and...

It’s always painful to contemplate your own demise, but that is what certain big banks — institutions with assets of $50 billion or more — must do under a new FDIC rule. The agency recently adopted a permanent rule requiring the covered...

Although acting FDIC Chairman Martin J. Gruenberg focused on his agency’s new responsibilities for the resolution of systemically important financial institutions (SIFIs) in a recent speech to The Clearing House, he closed with a subject...

The Federal Deposit Insurance Corporation (FDIC) delivered generally upbeat news when it issued its latest report on the financial health of the Deposit Insurance Fund (DIF). The agency reported on the fund’s current condition and projected its...

“Expanding the availability of mainstream financial services in general, and affordable small-dollar loans in particular, is a significant priority at the Federal Deposit Insurance Corporation,” FDIC Deputy Director Robert W. Mooney told the...

The Federal Deposit Insurance Corporation (FDIC) is going to undertake a number of initiatives to further its understanding of the challenges and opportunities for community banks, Acting FDIC Chairman Martin J. Gruenberg said in a September 19...

The FDIC issued a Financial Institution Letter (FIL-61-2011) announcing a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas affected by Hurricane Irene.

The FDIC said it is...

With Hurricane Irene bearing down on the United States’ East coast, the FDIC issued a Financial Institution Letter (FIL-60-2011) reminding banks they should consider the guidance developed in response to Hurricane Katrina. The guidance issued...

In the current financial crisis, the FDIC faces a number of challenges as it cleans up after failed institutions. To give itself more flexibility in dealing with these challenges, the agency has resumed the use of whole-bank purchase and...

The FDIC issued a Financial Institution Letter (FIL-57-2011), on August 8, to alert bank CEOs and legal counsel that it has clarified certain criteria in the FDIC’s Statement of Policy (SOP) for section 19 of the Federal Deposit Insurance (FDI)...

Before it left town for the August break, the U.S. House of Representatives by voice vote approved legislation (H.R. 2056) that would instruct the Inspector General of the Federal Deposit Insurance Corporation (FDIC) to study the impact of...

The FDIC Board of Directors approved several key elements of the Dodd-Frank Act’s “orderly liquidation authority” at its July 6 meeting, the last with Chairman Sheila Bair at the helm. President Obama has nominated Martin Gruenberg, the...

While there are many causes of the financial crisis, the overarching lesson of the crisis is the pervasive short-term thinking that helped to bring it about, Sheila Bair said in her last speech as FDIC Chairman. “Short-termism is a serious and...

Banks subject to the FDIC’s large-bank pricing rule will be allowed to use their existing methodologies to classify loans originated through October 1, 2011, the American Bankers Association reported on June 9.

ABA said the FDIC...

FDIC-insured institutions earned an aggregate profit of $29 billion in the first quarter of 2011, up $11.6 billion (66.5 percent) from the first quarter of 2010. The FDIC, as it released its Quarterly Banking Profile, observed that this marks the...

At a May 10 meeting, the FDIC Board agreed to propose regulations that would impose requirements for foreign currency futures, options on futures, and options that an FDIC-supervised insured depository institution engages in with retail...

The Federal Deposit Insurance Corporation has announced that Chairman Sheila C. Bair’s official departure will be effective July 8th.

“Consistent with previous public statements, Chairman Bair has announced her intention to depart the...

The FDIC released a Special Foreclosure Edition of Supervisory Insights on May 4. The report, Regulatory Actions Related to Foreclosure Activities by Large Servicers and Practical Implications for Community Banks, highlights lessons learned from...

The banking industry is all in favor of improving depositors’ access to accurate deposit insurance information, but the FDIC’s pending proposal to accomplish that goal sparked strong opposition from both the American Bankers Association and...

The FDIC has proposed a regulation governing certain big financial institutions’ obligation to periodically file resolution plans and reports on their credit exposures. The rule, which implements Dodd-Frank Act section 165, will be issued...