The FDIC Updates its Enforcement Actions Manual for Flood Insurance Civil Money Penalties

FIL-61-2020 June 18, 2020 The FDIC Updates its Enforcement Actions Manual for Flood Insurance Civil Money Penalties Printable Format: FIL-61-2020 – PDF (PDF Help) Summary: The FDIC has updated its Formal and Informal Enforcement Actions Manual (manual) regarding the assessment of mandatory civil money penalties (CMPs) for certain pattern and practice violations of the National […]

Summary of Deposits Survey and Filing for June 30, 2020

The Summary of Deposits (SOD) is the annual survey of branch office deposits as of June 30 for all FDIC-insured institutions, including insured U.S. branches of foreign banks. All institutions with branch offices are required to submit the survey; institutions with only a main office are exempt. All survey responses are required by July 31, […]

Interagency Guidance for Responsible Small-Dollar Loans

FIL-58-2020 May 20, 2020 Interagency Guidance for Responsible Small-Dollar Loans Printable Format: FIL-58-2020 – PDF (PDF Help) Summary: The FDIC, Board of Governors of the Federal Reserve System (FRB), Office of the Comptroller of the Currency (OCC), and National Credit Union Administration (NCUA) (collectively, the “agencies”) recognize the role small-dollar loans can play in helping […]

Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary Leverage Ratio for Depository Institutions

FIL-57-2020 May 15, 2020 Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary Leverage Ratio for Depository Institutions Printable Format: FIL-57-2020 – PDF (PDF Help) Summary: The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Board of Governors of the Federal Reserve System have published […]

Proposed Rulemaking to Mitigate the Deposit Insurance Assessment Effects of Participation in the Paycheck Protection Program (PPP), the PPP Lending Facility, and the Money Market Mutual Fund Liquidity Facility

FIL-56-2020 May 12, 2020 Proposed Rulemaking to Mitigate the Deposit Insurance Assessment Effects of Participation in the Paycheck Protection Program (PPP), the PPP Lending Facility, and the Money Market Mutual Fund Liquidity Facility Printable Format: FIL-56-2020 – PDF (PDF Help) Summary: On May 12, 2020, the FDIC Board of Directors authorized publication of a notice […]

Interagency Guidance on Credit Risk Review Systems

FIL-55-2020 May 8, 2020 Interagency Guidance on Credit Risk Review Systems Printable Format: FIL-55-2020 – PDF (PDF Help) Summary: The FDIC, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the National Credit Union Administration have jointly issued the final Interagency Guidance on Credit Risk Review Systems (interagency guidance). The interagency […]

Interagency Policy Statement on Allowances for Credit Losses

FIL-54-2020 May 8, 2020 Interagency Policy Statement on Allowances for Credit Losses Printable Format: FIL-54-2020 – PDF (PDF Help) Summary: The federal financial institution regulatory agencies have jointly issued the attached final Interagency Policy Statement on Allowances for Credit Losses (interagency policy statement). The agencies adopted this policy statement in response to changes in the […]

FFIEC Joint Statement on Risk Management for Cloud Computing Services

FIL-52-2020 April 30, 2020 FFIEC Joint Statement on Risk Management for Cloud Computing Services Printable Format: FIL-52-2020 – PDF (PDF Help) Summary: The FDIC, as a member of the Federal Financial Institutions Examination Council (FFIEC), is issuing the attached statement addressing the use of cloud computing services and security risk management principles in the financial […]

Small Business Administration (SBA) and U.S. Department of Treasury Announce Availability of New Paycheck Protection Program Loans

FIL-50-2020 April 25, 2020 Small Business Administration (SBA) and U.S. Department of Treasury Announce Availability of New Paycheck Protection Program Loans Printable Format: FIL-50-2020 – PDF (PDF Help) Summary: The Small Business Administration (SBA) together with the U.S. Department of Treasury announced on April 24, 2020 that the SBA will resume taking applications on the […]

Banker Webinar: How to Become a Paycheck Protection Program (PPP) Lender

FIL-49-2020 April 22, 2020 Banker Webinar: How to Become a Paycheck Protection Program (PPP) Lender Printable Format: FIL-49-2020 – PDF (PDF Help) Summary: The FDIC, the Board of Governors of the Federal Reserve, the Office of the Comptroller of the Currency, and the National Credit Union Administration (the agencies) will host a webinar for bankers […]