FDIC Issues Guidelines Regarding the Copying and Removal of Confidential Bank Records

The FDIC has issued guidelines regarding the removal of confidential records from bank locations by directors and officers. Although directors and officers require access to such records to properly manage an institution, such access cannot be used to further personal interests. These guidelines were promulgated in response to a number of instances where directors and officers have made copies of bank and supervisory records in anticipation of litigation or enforcement activities against them personally.

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