Review Process for Draft Deposit Insurance Proposals

FIL-82-2018

December 6, 2018

Financial Institution Letter

Review Process for Draft Deposit Insurance Proposals

 

Summary:

The FDIC is establishing a process to allow prospective organizers the option to request FDIC review of a draft deposit insurance proposal prior to filing an official application.  The FDIC will review draft proposals to identify potential issues, provide preliminary feedback, and work with organizers on their submissions before submitting a formal application.

Statement of Applicability to Institutions With Less Than $1 Billion in Total Assets:

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

Distribution:

FDIC-Insured Depository Institutions

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