FDIC

In its first semi-annual update for 2012, the FDIC staff’s “best estimate” is that the Deposit Insurance Fund (DIF) remains on track to meet the requirements of the FDIC’s Restoration Plan and the Dodd-Frank Act, which requires the DIF res

Ending months of partisan wrangling, the Senate confirmed Martin Gruenberg, Thomas Hoenig and Jeremiah Norton to seats on the FDIC board. Thomas Curry was confirmed as Comptroller of the Currency, a post that gives him a board seat. With CFPB Dire

New guidance issued by the FDIC on March 12 comes down hard on the copying and removal of bank documents by officers and directors “in anticipation of litigation or enforcement activity against them personally.”

The FDIC said it has ob

In its quarterly analysis of bank performance, the FDIC reported insured institutions recorded an aggregate profit of $26.3 billion in the fourth quarter of 2011. That’s a $4.9 billion improvement over the industry’s performance in the fourth

To the surprise of many, the president’s fiscal year 2013 budget predicts that the FDIC’s Deposit Insurance Fund (DIF) will become insolvent “in the near term” and will continue to be insolvent until 2015. The Office of Management and Budg

When it passed the Dodd-Frank Act, Congress abolished the Office of Thrift Supervision (OTS) and created the Consumer Financial Protection Bureau (CFPB). The OTS director had been a member of the Federal Deposit Insurance Corporation (FDIC) board.

President Obama has nominated Jeremiah Norton to serve on the FDIC board of directors. Norton, a Republican, served from 2007 to 2009 as deputy assistant Treasury secretary for financial institutions policy. Norton was named to the board seat now

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 Co

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 bank

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 equally

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 H

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 sp

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 en

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 fo

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 assumptio

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 insured

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 FDIC

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 g