Industry News

Joint Press Release: Agencies Host 2024 National Interagency Community Reinvestment Conference

JOINT PRESS RELEASE | FEBRUARY 29, 2024 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency____________________________________________________________ AGENCIES HOST 2024 NATIONAL INTERAGENCY COMMUNITY REINVESTMENT CONFERENCE The federal bank regulatory agencies and the Federal Reserve Banks of San Francisco and Chicago wi...

Press Release: FDIC Issues CRA Examination Schedules for Second Quarter 2024 and Third Quarter 2024

PRESS RELEASE | FEBRUARY 29, 2024 FDIC Issues CRA Examination Schedules for Second Quarter 2024 and Third Quarter 2024 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2024 and third quarter 2024. CRA regulations require each federal bank and thrift regulator ...

Press Release: FDIC Makes Public January Enforcement Actions; No Administrative Hearings Schedules For March 2024

PRESS RELEASE | FEBRUARY 23, 2024 FDIC Makes Public January Enforcement Actions; No Administrative Hearings Schedules For March 2024 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in January 2024. There are no administrative hearings scheduled for March 2024. The FDIC issued 15...

Press Release: Agencies Issue 2023 Shared National Credit Program Report

PRESS RELEASE | FEBRUARY 16, 2024 AGENCIES ISSUE 2023 SHARED NATIONAL CREDIT PROGRAM REPORT WASHINGTON -- Federal bank regulatory agencies today reported in the 2023 Shared National Credit (SNC) report that credit quality associated with large, syndicated bank loans remains moderate. However, the agencies noted declining credit quality trends due to the pressure of higher interest rates on levera...

Press Release: FDIC Releases Economic Scenarios for 2024 Stress Testing

PRESS RELEASE | FEBRUARY 15, 2024 FDIC RELEASES ECONOMIC SCENARIOS FOR 2024 STRESS TESTING WASHINGTON -- The Federal Deposit Insurance Corporation (FDIC) today released the hypothetical economic scenarios for use in the upcoming stress tests for covered institutions with total consolidated assets of more than $250 billion. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 requ...

Press Release: Special Committee Provides Update on Third-Party Review

PRESS RELEASE | FEBRUARY 15, 2024 SPECIAL COMMITTEE PROVIDES UPDATE ON THIRD-PARTY REVIEW Additional Contact Method Established and Confidentiality Restrictions Waived WASHINGTON The Special Committee of the Federal Deposit Insurance Corporation (FDIC) Board of Directors established to oversee an independent third-party review of the agencys workplace culture issued the following statement today:...

FDIC Unveils Animated Timeline of Agencys History and Mission

FDIC CELEBRATES 90 YEARS | FEBRUARY 15, 2026 FDIC Unveils Animated Timeline of Agencys History and Mission Today, the Federal Deposit Insurance Corporation unveiled an animated timeline of the 90-year history of the agency and its mission. Since its creation in 1933, the FDIC has protected the money people entrust to our nations banks. This immersive timeline will take you on a digital tour throu...

Joint Press Release: Federal Bank Regulatory Agencies Seek Comment on Interagency Effort to Reduce Regulatory Burden

JOINT PRESS RELEASE | FEBRUARY 6, 2023 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency____________________________________________________________ Federal Bank Regulatory Agencies Seek Comment on Interagency Effort to Reduce Regulatory Burden The federal bank regulatory agencies today announced their first of a series ...

Press Release: FDIC Issues List of Banks Examined for CRA Compliance

PRESS RELEASE | FEBRUARY 2, 2024 FDIC ISSUES LIST OF BANKS EXAMINED FOR CRA COMPLIANCE WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in November 2023. The CRA is a 1977 law intended to ...

Press Release: FDIC Makes Public December Enforcement Actions; No Administrative Hearings Scheduled For February 2024

PRESS RELEASE | JANUARY 26, 2024 FDIC MAKES PUBLIC DECEMBER ENFORCEMENT ACTIONS; NO ADMINISTRATIVE HEARINGS SCHEDULED FOR FEBRUARY 2024 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in December 2023. There are no administrative hearings scheduled for February 2024. The FDIC is...

Press Release: FDIC Demands Five Entities Cease Making False or Misleading Representations about Deposit Insurance

PRESS RELEASE | JANUARY 19, 2024 FDIC DEMANDS FIVE ENTITIES CEASE MAKING FALSE OR MISLEADING REPRESENTATIONS ABOUT DEPOSIT INSURANCE WASHINGTON The Federal Deposit Insurance Corporation (FDIC) today issued letters demanding five entities and certain associated parties cease and desist from making false and misleading statements about FDIC deposit insurance. The FDIC is demanding that Atmos Financ...

FDIC Board of Directors Meeting

BOARD MATERIALS | JANUARY 17, 2024 By notational vote, the Board approved a notice regarding an Extension of Title I Resolution Plan Submission Deadline for Triennial Full Filers and a Review of FDIC Regulations in Accordance with the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA). The following items were notationally approved: Extension of Title I Resolution Plan Submission Dea...

Press Release: FDIC Issues List of Banks Examined for CRA Compliance

PRESS RELEASE | JANUARY 4, 2024 FDIC ISSUES LIST OF BANKS EXAMINED FOR CRA COMPLIANCE WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in October 2023. The CRA is a 1977 law intended to en...

Press Release: FDIC Makes Public November Enforcement Actions-No Administrative Hearings Scheduled For January 2024

PRESS RELEASE | DECEMBER 29, 2023 FDIC Makes Public November Enforcement ActionsNo Administrative Hearings Scheduled For January 2024 WASHINGTON The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in November 2023. There are no administrative hearings scheduled for January 2024. The FDIC issued ...

FDIC Releases Public Resolution Plans for Nine Large Banks

Press Release | December 26, 2023 FDIC Releases Public Resolution Plans for Nine Large Banks WASHINGTON The Federal Deposit Insurance Corporation (FDIC) today released the public sections of resolution plans of nine large domestic covered insured depository institutions due by December 1, 2023. FDIC regulations require a covered insured depository institution to submit a resolution plan under whi...

Joint Press Release: Agencies Release Annual Asset-Size Thresholds Under Community Reinvestment Act Regulations

JOINT PRESS RELEASE | DECEMBER 20, 2023 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance Corporation____________________________________________________________ Agencies Release Annual Asset-Size Thresholds Under Community Reinvestment Act Regulations The Federal Reserve Board and the Federal Deposit Insurance Corporation today announced the 2024 updated asset-size thresh...

FDIC Board of Directors Meeting (12/20/23)

BOARD MATERIALS | DECEMBER 20, 2023 FDIC BOARD OF DIRECTORS MEETING Today the Federal Deposit Insurance Corporations Board of Directors met in an open session. The agenda items included: the 2024 FDIC Operating Budget, and the Final Rule on FDIC Official Signs and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDICs Name or Logo. Materials and ...

Joint Press Release: Federal Bank Regulatory Agencies Release 2022 Small Business, Small Farm, and Community Development Lending Data

JOINT PRESS RELEASE | DECEMBER 20, 2023 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency____________________________________________________________ Federal Bank Regulatory Agencies Release 2022 Small Business, Small Farm, and Community Development Lending Data The federal bank regulatory agencies, as members of the Fed...

Press Release: FDIC Board of Directors Releases Semiannual Update on Restoration Plan

PRESS RELEASE | DECEMBER 7, 2023 FDIC Board of Directors Released Semiannual Update on Restoration Plan WASHINGTON The Federal Deposit Insurance Corporation (FDIC) Board of Directors today released its second semiannual update of 2023 on the Restoration Plan for the agencys Deposit Insurance Fund (DIF). The Federal Deposit Insurance Act (FDI Act) requires that the FDIC Board adopt a restoration p...

Press Release: Statement by the Special Committee of the FDIC Board on the Status of the Independent Review

PRESS RELEASE | DECEMBER 5, 2023 Statement by the Special Committee of the FDIC Board on the Status of the Independent Review WASHINGTON The Special Committee of the Federal Deposit Insurance Corporation (FDIC) Board of Directors established to oversee an independent third-party review of the agencys workplace culture issued the following statement today: As announced previously, the FDIC Board o...


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