FDIC: Chairman McWilliams Announces Transparency and Accountability Initiative
Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams today announced a new, agency-wide “Trust through Transparency” initiative in a speech at the 2018 Community Banking in the 21st Century Research and Policy Conference in St. Louis, Missouri. “Like any asset, trust must be earned and then preserved. In my view, the best way to maintain…
FDIC: Information Requested on Improving Communication With Banks, Consumers and Other Stakeholders
The Federal Deposit Insurance Corporation (FDIC) today announced that it is seeking comment on how the agency can maximize efficiency and minimize burden when communicating information to insured depository institutions, consumers, and others about laws, rules, and related matters. The request is part of Chairman Jelena McWilliams’ initiative to enhance transparency and accountability at the…
FDIC: Small Business Lending Survey Report Released
The Federal Deposit Insurance Corporation (FDIC) today published a report on the findings of its Small Business Lending Survey, which collected data on how banks conduct their lending to small businesses. The report found that banks of different sizes approach small business lending differently, but that, overall, relationships are important for both small and large…
FDIC: Results of Summary of Deposits as of June 30, 2018 Survey Released
The Federal Deposit Insurance Corporation (FDIC) today released the results of its annual survey of branch office deposits for all FDIC-insured institutions. The latest data are as of June 30, 2018. The FDIC’s Summary of Deposits (SOD) provides deposit totals for each of the more than 88,000 domestic offices operated by more than 5,500 FDIC-insured…
Interagency Statement: Reaffirming the Role of Bank Supervisory Guidance
Five federal agencies today issued a joint statement explaining the role of supervisory guidance for regulated institutions. The statement from the agencies—the Federal Reserve Board, the Bureau of Consumer Financial Protection, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency—confirms that supervisory guidance does not…
FDIC: Senior Personnel Changes Announced
Names Chief Operating Officer and Deputy to the Chairman for Policy Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams today announced the appointment of two long-term FDIC veterans to serve in key leadership positions. Arleas Upton Kea will serve as the Deputy to the Chairman and Chief Operating Officer (COO), and Arthur J. Murton will…
FDIC: CRA Examination Schedules for Fourth Quarter 2018 and First Quarter 2019 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter of 2018 and first quarter of 2019. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of…