Details:

Publisher's site:
https://www.fdic.gov/
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
The FDIC is advising the banking industry of supervisory changes for state nonmember institutions insured seven years or less (de novo period). Under current policy, newly insured institutions are subject to higher capital requirements and more frequent examination activities during the first three years of operation. Based on supervisory experience, the FDIC will now extend the de novo period from the current three-year period to seven years for examinations, capital, and other requirements. In addition, material changes in business plans for newly insured institutions will require prior FDIC approval during the first seven years of operation.
Subject:
[+]
Risk Management Practices
Dataset Download URL:
fdic.gov/news/inactive-financial-institution-letters/2009/fil09050.pdf
Format:
PDF
Release Date:
08/28/2009
Update Date:
08/28/2009
Withdrawn Date:
Not Available
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC)
Fdic Employee Involved:
Sandra L. Thompson;Melinda West;Lisa D. Arquette;
Law Involved:
Community Reinvestment Act (CRA)
Source:
FDIC Website
Memorandum To:
FDIC-Supervised Institutions
FIL Number:
FIL-50-2009
Main Document Checksum:
[+]
urn:sha256:2ff3f30352a39157ce20b8db5c0be25f09555fce6d65ed96faf1c774b2d2c33f
Download URL:
https://archive.fdic.gov/view/fdic/7227/fdic_7227_DS1.pdf
File Type:

Supporting Files

• No Additional Files

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