Federal Deposit Insurance Corporation 2021 – Federal Register Recent Federal Regulation Documents

Agency Information Collection Activities: Proposed Collection; Comment Request; Correction
Document Number: 2021-20973
Type: Notice
Date: 2021-09-28
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC published a document in the Federal Register of September 22, 2021 concerning request for comments on the agency's collection of information that may result from innovators obtaining information from banks and other members of the public in connection with innovation pilot programs, as required by the Paperwork Reduction Act of 1995. The document contained an incorrect number of hours in the ``General Description of Collection'' section in the document. The correct number of hours, however, was reflected in the ``Summary of Annual Burden'' Table in the document.
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Document Number: 2021-20808
Type: Notice
Date: 2021-09-27
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collection described below (OMB Control No. 3064-0028).
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Document Number: 2021-20505
Type: Notice
Date: 2021-09-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (OMB Control No. 3064-0025 and -0134).
Agency Information Collection Activities: Proposed Collection; Comment Request
Document Number: 2021-20501
Type: Notice
Date: 2021-09-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC seeks to continue its engagement and collaboration with innovators in the financial, non-financial, and technology sectors to, among other things, identify, develop and promote technology-driven innovations among community and other banks in a manner that ensures the safety and soundness of FDIC-supervised and -insured institutions. An innovation pilot program framework can provide a regulatory environment in which the FDIC, in conjunction with individual proposals collected from innovators, including banks, will provide tailored regulatory and supervisory assistance, when appropriate, to facilitate the testing of innovative and advanced technologies, products, services, systems, or activities. As part of an innovation pilot program, innovators may request information from banks and other members of the public outside of their normal course of business. Any information provided by banks and other members of the public will be provided on a voluntary basis. FDIC staff may similarly request information on a voluntary basis from banks or other members of the public to evaluate the products or services developed in the pilot programs. The FDIC invites the general public, including persons who may have an interest in participating in innovation pilot programs, and other Federal agencies to comment on the agency's collection of information that may result from innovators obtaining information from banks and other members of the public in connection with innovation pilot programs, as required by the Paperwork Reduction Act of 1995. At the end of the comment period, any comments and recommendations received will be reviewed to determine the extent to which the collection of proposals should be modified prior to the submission to the Office of Management and Budget (OMB) for review and approval.
FDIC Advisory Committee on Economic Inclusion (ComE-IN); Notice of Meeting
Document Number: 2021-20359
Type: Notice
Date: 2021-09-21
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the Federal Advisory Committee Act, notice is hereby given of a meeting of the FDIC Advisory Committee on Economic Inclusion. The Advisory Committee will provide advice and recommendations on initiatives to expand access to banking services by underserved populations. The meeting is open to the public. Out of an abundance of caution related to current and potential coronavirus developments, the public's means to observe this Advisory Committee on Economic Inclusion meeting will be via a Webcast live on the internet. In addition, the meeting will be recorded and subsequently made available on-demand approximately two weeks after the event. The web addresses for viewing the live event and the recording are provided below in the ADDRESSES paragraph.
FDIC Advisory Committee of State Regulators; Notice of Meeting
Document Number: 2021-20358
Type: Notice
Date: 2021-09-21
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the Federal Advisory Committee Act, notice is hereby given of a meeting of the FDIC Advisory Committee of State Regulators. The Advisory Committee will provide advice and recommendations on a broad range of policy issues regarding the regulation of state-chartered financial institutions throughout the United States, including its territories. The meeting is open to the public. Out of an abundance of caution related to current and potential coronavirus developments, the public's means to observe this meeting of the Advisory Committee of State Regulators will be via a Webcast live on the internet. In addition, the meeting will be recorded and subsequently made available on-demand approximately two weeks after the event. The web addresses for viewing the live event and the recording are provided below in the ADDRESSES paragraph.
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request; OMB No. 3064-0109; -00124; -0162; -0179; -0196
Document Number: 2021-20306
Type: Notice
Date: 2021-09-21
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the request to renew the existing information collections described below (OMB Control No. 3064-0109; -0124; -0137; -0162; and -0196).
Notice to All Interested Parties of Intent To Terminate Receiverships
Document Number: 2021-20223
Type: Notice
Date: 2021-09-20
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of the FDIC's Response to Exception Requests Pursuant to Recordkeeping for Timely Deposit Insurance Determination
Document Number: 2021-20160
Type: Notice
Date: 2021-09-17
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with its rule regarding recordkeeping for timely deposit insurance determination, the FDIC is providing notice that it has granted time-limited exception relief to two covered institutions from the information technology system and recordkeeping requirements applicable to deposits reflected on loan systems, including deposits resulting from credit balances on an account for debt owed to the covered institution and deposits held in escrow by a covered institution. The two covered institutions are in the process of converting or upgrading their loan systems.
Proposed Interagency Guidance on Third-Party Relationships: Risk Management
Document Number: 2021-19545
Type: Notice
Date: 2021-09-10
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
On July 19, 2021, the Board, FDIC, and OCC (together, the agencies) published in the Federal Register an invitation to comment on proposed guidance on managing risks associated with third-party relationships. The notice provided for a comment period ending on September 17, 2021. In response to commenters' requests for additional time to analyze and respond to the proposal, the agencies are extending the comment period for 30 days until October 18, 2021.
Notice of Termination of Receiverships
Document Number: 2021-19195
Type: Notice
Date: 2021-09-07
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice to All Interested Parties of Intent To Terminate Receiverships
Document Number: 2021-19118
Type: Notice
Date: 2021-09-03
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Agency Information Collection Activities: Submission for OMB Review of Information Collection Reinstatement; Comment Request [OMB No. 3064-0203]
Document Number: 2021-18951
Type: Notice
Date: 2021-09-02
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the reinstatement of a previously approved and subsequently discontinued information collection for the Small Business Lending Survey, a survey of banks that the FDIC has proposed to field in May 2022. On April 21, 2021, the FDIC published a notice in the Federal Register requesting comment for 60 days on the proposed reinstatement of this information collection. No comments were received. The FDIC hereby gives notice of its plan to submit to OMB a request to approve the reinstatement of this information collection, and again invites comment.
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Document Number: 2021-17408
Type: Notice
Date: 2021-08-16
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (OMB Control No. 3064-0018; and -0165).
Request for Information on the Federal Deposit Insurance Corporation's Supervisory Approach to Examinations During the Pandemic
Document Number: 2021-17230
Type: Notice
Date: 2021-08-12
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is seeking information and comments from financial institutions for which the FDIC is the primary Federal regulator regarding the FDIC's supervisory approach to examinations during the pandemic, including on-site and off-site activities, use of technology, and communication methods.
Agency Information Collection Activities: Proposed Information Collection Renewal; Comment Request
Document Number: 2021-16963
Type: Notice
Date: 2021-08-10
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (OMB Control No. 3064-0183; -0195; and -0200).
Notice to All Interested Parties of Intent To Terminate Receivership
Document Number: 2021-16805
Type: Notice
Date: 2021-08-06
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination of Receiverships
Document Number: 2021-16804
Type: Notice
Date: 2021-08-06
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Simplification of Deposit Insurance Rules
Document Number: 2021-15732
Type: Proposed Rule
Date: 2021-08-03
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation is seeking comment on proposed amendments to its regulations governing deposit insurance coverage. The proposed rule would simplify the deposit insurance regulations by establishing a ``trust accounts'' category that would provide for coverage of deposits of both revocable trusts and irrevocable trusts, and provide consistent deposit insurance treatment for all mortgage servicing account balances held to satisfy principal and interest obligations to a lender.
FDIC Advisory Committee on Community Banking; Notice of Charter Renewal
Document Number: 2021-16060
Type: Notice
Date: 2021-07-28
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Pursuant to the provisions of the Federal Advisory Committee Act (FACA), and after consultation with the General Services Administration, the Chairman of the Federal Deposit Insurance Corporation has determined that renewal of the FDIC Advisory Committee on Community Banking (Committee) is in the public interest in connection with the performance of duties imposed upon the FDIC by law. The Committee has been a successful undertaking by the FDIC and has provided valuable feedback to the agency on a broad range of policy issues that have a particular impact on community banks throughout the United States and the local communities that are served by community banks. The Committee will continue to review various issues that may include, but not be limited to, examination policies and procedures, credit and lending practices, deposit insurance assessments, insurance coverage, and regulatory compliance matters to promote the continued growth and ability of community banks to extend financial services in their respective local markets. The structure and responsibilities of the Committee are unchanged from when it was originally established in July 2009. The Committee will continue to operate in accordance with the provisions of the Federal Advisory Committee Act.
Sunshine Act Meetings; Notice of Change in Subject Matter of Agency Sunshine Act Meeting
Document Number: 2021-15807
Type: Notice
Date: 2021-07-23
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act Meeting
Document Number: 2021-15729
Type: Notice
Date: 2021-07-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act Meetings; Notice of a Matter To Be Deferred From the Agenda for Consideration at an Agency Meeting
Document Number: 2021-15672
Type: Notice
Date: 2021-07-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Proposed Agency Information Collection Activities; Comment Request
Document Number: 2021-15556
Type: Notice
Date: 2021-07-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies) may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, has approved the agencies' publication for public comment of a proposal to revise and extend the Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031, FFIEC 041, and FFIEC 051), which are currently approved collections of information. The agencies are requesting comment on proposed changes to clarify instructions for reporting of deferred tax assets (DTAs) consistent with a proposed rule on tax allocation agreements and a new item related to the final rule on the standardized approach for counterparty credit risk.
Credit Risk Retention-Notification of Extension of Review Period
Document Number: 2021-15424
Type: Proposed Rule
Date: 2021-07-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Department of Housing and Urban Development, Securities and Exchange Commission, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Federal Housing Finance Agency
The OCC, Board, FDIC, Commission, FHFA, and HUD (the agencies) are providing notice of the extension of the period for the review, and publication of determination of the review, of the definition of qualified residential mortgage; the community-focused residential mortgage exemption; and the exemption for qualifying three-to-four unit residential mortgage loans, in each case as currently set forth in the Credit Risk Retention Regulations (as defined below) as adopted by the agencies.
Proposed Interagency Guidance on Third-Party Relationships: Risk Management
Document Number: 2021-15308
Type: Notice
Date: 2021-07-19
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The Board, FDIC, and OCC (together, the agencies) invite comment on proposed guidance on managing risks associated with third- party relationships. The proposed guidance would offer a framework based on sound risk management principles for banking organizations to consider in developing risk management practices for all stages in the life cycle of third-party relationships that takes into account the level of risk, complexity, and size of the banking organization and the nature of the third-party relationship. The proposed guidance sets forth considerations with respect to the management of risks arising from third-party relationships. The proposed guidance would replace each agency's existing guidance on this topic and would be directed to all banking organizations supervised by the agencies.
Sunshine Act Meeting
Document Number: 2021-15203
Type: Notice
Date: 2021-07-16
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Document Number: 2021-14502
Type: Notice
Date: 2021-07-08
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (OMB Control No. 3064-0109;-0124;-0137;-0162; and-0196).
Notice to All Interested Parties of Intent To Terminate Receivership; Correction
Document Number: 2021-14422
Type: Notice
Date: 2021-07-07
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Termination of Receiverships
Document Number: 2021-14345
Type: Notice
Date: 2021-07-06
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
FDIC Advisory Committee on Community Banking; Notice of Meeting
Document Number: 2021-14185
Type: Notice
Date: 2021-07-02
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
In accordance with the Federal Advisory Committee Act, notice is hereby given of a meeting of the FDIC Advisory Committee on Community Banking. The Advisory Committee will provide advice and recommendations on a broad range of policy issues that have particular impact on small community banks throughout the United States and the local communities they serve.
Notice to All Interested Parties of Intent To Terminate Receiverships
Document Number: 2021-13792
Type: Notice
Date: 2021-06-29
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Real Estate Lending Standards
Document Number: 2021-12973
Type: Proposed Rule
Date: 2021-06-25
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is inviting comment on a proposed rule to amend Interagency Guidelines for Real Estate Lending Policies (Real Estate Lending Standards). The purpose of the proposed rule is to align the Real Estate Lending Standards with the community bank leverage ratio (CBLR) rule, which does not require electing institutions to calculate tier 2 capital or total capital. The proposed rule would allow a consistent approach for calculating the ratio of loans in excess of the supervisory loan-to-value limits (LTV Limits) at all FDIC-supervised institutions, using a methodology that approximates the historical methodology the FDIC has followed for calculating this measurement without requiring institutions to calculate tier 2 capital. The proposed rule would also avoid any regulatory burden that could arise if an FDIC-supervised institution subsequently decides to switch between different capital frameworks.
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Document Number: 2021-13445
Type: Notice
Date: 2021-06-24
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the request to renew the existing information collections described below (OMB Control No. 3064-0006; -0015; -0019; and0097).
Notice to All Interested Parties of Intent To Terminate Receivership
Document Number: 2021-13441
Type: Notice
Date: 2021-06-24
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice to All Interested Parties of Intent To Terminate Receiverships
Document Number: 2021-13433
Type: Notice
Date: 2021-06-24
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of Sunshine Act Meeting Held With Less Than Seven Days Advance Notice
Document Number: 2021-13446
Type: Notice
Date: 2021-06-23
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Statement of Policy Regarding Minority Depository Institutions
Document Number: 2021-12972
Type: Rule
Date: 2021-06-23
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is issuing its Statement of Policy Regarding Minority Depository Institutions. Section 308 of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 established several goals related to encouraging, assisting, and preserving minority depository institutions. The FDIC has long recognized the unique role and importance of minority depository institutions and historically has taken steps to preserve and encourage minority-owned and minority-led financial institutions. The Statement of Policy updates, strengthens, and clarifies the agency's policies and procedures related to minority depository institutions.
Sunshine Act Meeting
Document Number: 2021-12997
Type: Notice
Date: 2021-06-17
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Notice of a Matter To Be Withdrawn From the Agenda for Consideration at an Agency Meeting
Document Number: 2021-12743
Type: Notice
Date: 2021-06-17
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Sunshine Act Meeting
Document Number: 2021-12589
Type: Notice
Date: 2021-06-15
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Request for Information and Comment on Financial Institutions' Use of Artificial Intelligence, Including Machine Learning
Document Number: 2021-10861
Type: Notice
Date: 2021-05-24
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, National Credit Union Administration, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Bureau of Consumer Financial Protection, Board of Governors of the Federal Reserve System
On March 31, 2021, the Board, Bureau, FDIC, NCUA, and OCC (together, the agencies) published in the Federal Register a document entitled ``Request for Information and Comment on Financial Institutions' Use of Artificial Intelligence, including Machine Learning'' (RFI) and invited comments on financial institutions' use of artificial intelligence (AI), including machine learning (ML). In response to concerns raised by commenters that the current comment deadline may not provide sufficient time to analyze and respond to the RFI due to the complex technical nature and significance of the topic, the agencies have determined that an extension of the comment period until July 1, 2021, is appropriate.
Agency Information Collection Activities; Submission for OMB Review; Comment Request
Document Number: 2021-10853
Type: Notice
Date: 2021-05-24
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies) may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. On December 18, 2020, and February 5, 2021, the agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), requested public comment for 60 days on proposals to revise and extend the Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031, FFIEC 041, and FFIEC 051), the Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002), and the Report of Assets and Liabilities of a Non-U.S. Branch that is Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank (FFIEC 002S), all of which are currently approved collections of information. After considering the comments received on the notices, the agencies are proceeding with the proposed revisions to the reporting forms and instructions related to the FDIC's amendments to the deposit insurance assessment system, effective with the June 30, 2021, report date, and the exclusion of sweep deposits and certain other deposits from reporting as brokered deposits, effective with the September 30, 2021, report date. The agencies hereby give notice of their plan to submit to OMB a request to approve the revision and extension of these information collections, and again invite comment on the renewal.
Request for Information and Comment on Digital Assets
Document Number: 2021-10772
Type: Notice
Date: 2021-05-21
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (FDIC) is gathering information and soliciting comments from interested parties regarding insured depository institutions' (IDIs') current and potential activities related to digital assets. The FDIC is interested in receiving input on current and potential digital asset use cases involving IDIs and their affiliates.
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request [OMB No. 3064-0082; and -0084]
Document Number: 2021-10754
Type: Notice
Date: 2021-05-21
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the request to renew the existing information collections described below (OMB Control No. 3064-0082; and -0084).
Notice of Termination of Receiverships
Document Number: 2021-09868
Type: Notice
Date: 2021-05-10
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Tax Allocation Agreements
Document Number: 2021-09047
Type: Proposed Rule
Date: 2021-05-10
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Department of Treasury, Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) are inviting comment on a proposed rule (proposal) under section 39 of the Federal Deposit Insurance Act that would establish requirements for tax allocation agreements between institutions and their holding companies in a consolidated tax filing group. The proposal would promote safety and soundness by preserving depository institutions' ownership rights in tax refunds and ensuring equitable allocation of tax liabilities among entities in a holding company structure. Under the proposal, national banks, state banks, and savings associations that file tax returns as part of a consolidated tax filing group would be required to enter into tax allocation agreements with their holding companies and other members of the consolidated group that join in the filing of a consolidated group tax return. The proposal also would describe specific mandatory provisions in these tax allocation agreements, including provisions addressing the ownership of tax refunds received. If the agencies were to adopt the proposal as a final rule, the agencies would rescind the interagency policy statement on tax allocation agreements that was issued in 1998 and supplemented in 2014.
False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC's Name or Logo
Document Number: 2021-08690
Type: Proposed Rule
Date: 2021-05-10
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation is seeking comment on a proposed rule to implement section 18(a)(4) of the Federal Deposit Insurance Act. Section 18(a)(4) of the Federal Deposit Insurance Act prohibits any person from making false or misleading representations about deposit insurance or from using the Federal Deposit Insurance Corporation's name or logo in a manner that would imply that an uninsured financial product is insured or guaranteed by the Federal Deposit Insurance Corporation. The proposed rule would describe: The process by which the Federal Deposit Insurance Corporation will identify and investigate conduct that may violate section 18(a)(4) of the Federal Deposit Insurance Act; the standards under which such conduct will be evaluated; and the procedures which the Federal Deposit Insurance Corporation will follow when formally and informally enforcing the provisions of section 18(a)(4) of the Federal Deposit Insurance Corporation Act.
FDIC System Resolution Advisory Committee; Notice of Charter Renewal
Document Number: 2021-08804
Type: Notice
Date: 2021-05-03
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Pursuant to the provisions of the Federal Advisory Committee Act (FACA), and after consultation with the General Services Administration, the Chairman of the Federal Deposit Insurance Corporation has determined that renewal of the FDIC System Resolution Advisory Committee (Committee) is in the public interest in connection with the performance of duties imposed upon the FDIC by law. The Committee has been a successful undertaking by the FDIC and has provided valuable feedback to the agency on a broad range of issues regarding the resolution of systemically important financial companies (covered companies) pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Committee will continue to provide advice and recommendations on the effects on financial stability and economic conditions of a covered company's failure and how they arise, the effects on markets and stakeholders of the activities of a covered company, market understanding of the structures and tools available to the FDIC to facilitate an orderly resolution of a covered company, the application of such tools to nonbank financial entities, international coordination of planning and preparation for the resolution of internationally active covered companies, and harmonization of resolution regimes across international boundaries. The structure and responsibilities of the Committee are unchanged from when it was originally established in November 2011. The Committee will continue to operate in accordance with the provisions of the Federal Advisory Committee Act.
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0022; -0027; -0103; -0114; -0115; -0163; -0208)
Document Number: 2021-08803
Type: Notice
Date: 2021-04-28
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995, invites the general public and other Federal agencies to take this opportunity to comment on the request to renew the existing information collections described below (OMB Control No. 3064-0022; -0027; -0103; -0114; -0115; -0163).