FDIC Issues an Update to its Publication Entitled Applying for Deposit Insurance – A Handbook for Organizers of De Novo Institutions, Finalizes its Deposit Insurance Applications Procedures Manual, and Establishes a Designated Applications Mailbox

FIL-83-2018

December 6, 2018

Financial Institution Letter

FDIC Issues an Update to its Publication Entitled Applying for Deposit Insurance – A Handbook for Organizers of De Novo Institutions, Finalizes its Deposit Insurance Applications Procedures Manual, and Establishes a Designated Applications Mailbox

 

Summary:

The FDIC issued an update to its publication entitled Applying for Deposit Insurance – A Handbook for Organizers of De Novo Institutions, and is issuing its Deposit Insurance Applications Procedures Manual in final form.  The handbook, which was developed to facilitate the process of establishing new banks, was originally issued on December 22, 2016.  The manual was issued for public comment on July 10, 2017, and provides comprehensive instruction to staff regarding the deposit insurance application process.  The mailbox provides an additional channel for interested parties to ask questions of designated applications specialists.

Statement of Applicability to Institutions With Total Assets Under $1:

This Financial Institution Letter applies to all existing and proposed insured depository institutions.

Distribution:

FDIC-Insured Depository Institutions

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