Financial Institution Letter
FIL-91-2007
October 25, 2007Federal Deposit Insurance Corporation
LETTER TO STAKEHOLDERS
Third Quarter 2007 Edition of FDIC’s Letter to Stakeholders
550 17th Street NW, Washington, D.C. 20429-9990
Summary: The FDIC has issued the attached Letter to Stakeholders from FDIC Chairman Sheila
Bair, which reports on the FDIC’s priorities and activities for the third quarter of 2007.
Distribution:
FDIC-Insured Institutions Highlights:
Suggested Routing:
Chief Executive Officer
Among the significant activities and accomplishments
reported in this edition of the FDIC’s Letter to Stakeholders
are the following:
Related Topics:
FDIC Key Indices
• FDIC-insured commercial banks and savings
institutions reported net income of $36.7 billion in
the second quarter of 2007.
Attachment:
Letter to Stakeholders
http://www.fdic.gov/about/financial/letters/index.htm
l
• The Deposit Insurance Fund (DIF) balance
increased by $482 million (0.9 percent), bringing the
fund balance to $51.2 billion at the end of the
second quarter.
Contact:
Senior Accountant Karen Flynn at kflynn@fdic.gov
or (703) 562-6188
• The federal financial regulatory agencies and the
Conference of State Bank Supervisors issued the
Statement on Loss Mitigation Strategies for
Servicers of Residential Mortgages.
• The FDIC – working through its new Alliance for
Economic Inclusion initiative – and the
NeighborWorks® Center for Foreclosure Solutions
have partnered to promote foreclosure-prevention
strategies for consumers at risk of foreclosure from
subprime and nontraditional mortgage lending.
Note:
FDIC financial institution letters (FILs) may be
accessed from the FDIC's Web site at
www.fdic.gov/news/news/financial/2007/index.html.
• The FDIC and the Peoples’ Bank of China signed a
Memorandum of Understanding, forging an
international working relationship to develop and
expand methods of interaction on economic and
financial issues.
To receive FILs electronically, please visit
http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters
may be obtained through the FDIC's Public
Information Center, 3501 Fairfax Drive, E-1002,
Arlington, VA 22226 (1-877-275-3342 or 703-562-
2200). Your feedback to the Letter to Stakeholders is encouraged,
as are suggestions for improvement. For more information,
visit the FDIC’s Web site at www.fdic.gov.
FIL-91-2007
October 25, 2007Federal Deposit Insurance Corporation
LETTER TO STAKEHOLDERS
Third Quarter 2007 Edition of FDIC’s Letter to Stakeholders
550 17th Street NW, Washington, D.C. 20429-9990
Summary: The FDIC has issued the attached Letter to Stakeholders from FDIC Chairman Sheila
Bair, which reports on the FDIC’s priorities and activities for the third quarter of 2007.
Distribution:
FDIC-Insured Institutions Highlights:
Suggested Routing:
Chief Executive Officer
Among the significant activities and accomplishments
reported in this edition of the FDIC’s Letter to Stakeholders
are the following:
Related Topics:
FDIC Key Indices
• FDIC-insured commercial banks and savings
institutions reported net income of $36.7 billion in
the second quarter of 2007.
Attachment:
Letter to Stakeholders
http://www.fdic.gov/about/financial/letters/index.htm
l
• The Deposit Insurance Fund (DIF) balance
increased by $482 million (0.9 percent), bringing the
fund balance to $51.2 billion at the end of the
second quarter.
Contact:
Senior Accountant Karen Flynn at kflynn@fdic.gov
or (703) 562-6188
• The federal financial regulatory agencies and the
Conference of State Bank Supervisors issued the
Statement on Loss Mitigation Strategies for
Servicers of Residential Mortgages.
• The FDIC – working through its new Alliance for
Economic Inclusion initiative – and the
NeighborWorks® Center for Foreclosure Solutions
have partnered to promote foreclosure-prevention
strategies for consumers at risk of foreclosure from
subprime and nontraditional mortgage lending.
Note:
FDIC financial institution letters (FILs) may be
accessed from the FDIC's Web site at
www.fdic.gov/news/news/financial/2007/index.html.
• The FDIC and the Peoples’ Bank of China signed a
Memorandum of Understanding, forging an
international working relationship to develop and
expand methods of interaction on economic and
financial issues.
To receive FILs electronically, please visit
http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters
may be obtained through the FDIC's Public
Information Center, 3501 Fairfax Drive, E-1002,
Arlington, VA 22226 (1-877-275-3342 or 703-562-
2200). Your feedback to the Letter to Stakeholders is encouraged,
as are suggestions for improvement. For more information,
visit the FDIC’s Web site at www.fdic.gov.