The FDIC today approved a final rule establishing a process by which the agency will identify and investigate any conduct involving the misuse of its name or logo.
Browsing: Deposit insurance
FDIC-insured banks and savings institutions earned $63.9 billion in the fourth quarter of 2021, a 7.4% increase from the year prior, and full-year net income increased 89.7% to $279.1 billion, the FDIC reported today in its Quarterly Banking Profile.
The FDIC today approved a final rule to simplify deposit insurance calculations for revocable trusts, irrevocable trusts and mortgage servicing accounts.
The Deposit Insurance Fund remains on track to be recapitalized to its statutory level of 1.35% by the statutory deadline of Sept. 30, 2028, FDIC staff said today during an FDIC board meeting.
The FDIC board today unanimously approved a $2.26 billion agency operating budget for 2022, a 0.7% decrease from the 2021 budget.
The American Bankers Association and 51 state bankers associations today wrote to members of the FDIC board emphasizing the importance of an “independent FDIC and an orderly, transparent policymaking process.”
FDIC-insured banks and savings institutions earned $69.5 billion in the third quarter of 2021, a 35.9% increase from a year before, the FDIC reported today in its Quarterly Banking Profile.
The American Bankers Association and two other banking trade groups urged the FDIC yesterday to address concerns about proposed changes to regulations regarding deposit insurance rules for revocable trusts, irrevocable trusts and mortgage servicing accounts.
The American Bankers Association told the FDIC today that covered institutions continue to encounter major challenges in complying Part 370, which addresses timely deposit insurance determination recordkeeping.