FDIC Launches Regulatory Calendar for Community Banks

The Federal Deposit Insurance Corporation (FDIC) recently announced the official launch of its Regulatory Calendar for Community Banks.  The online calendar is intended to help community banks stay up-to-date with changes in federal banking laws, regulations, and supervisory guidance.  The calendar will include notices of rulemakings, effective dates for regulations, and guidance issued by various federal regulators of interest to FDIC-regulated entities.  The calendar will also provide information on FDIC outreach initiatives and other regulatory information of interest.  Links to underlying documents and resources will be provided in the calendar entries.  The calendar release follows the FDIC’s publication of an earlier beta version last summer that was used to solicit public feedback.

President Designates Gruenberg as FDIC Chairman

On November 30^th, the FDIC announced that acting chairman Martin Gruenberg had been formally designated by President Obama as Chairman of the FDIC for a six year term.  The President also designated Thomas Hoenig as Vice Chairman.  Both were appointed by the President on March 29^th of this year, and confirmed by the Senate on November 15^th. 

More details regarding these designations can be found in the FDIC’s press release.

FDIC Announces Regulatory Calendar for Community Banks

The Federal Deposit Insurance Corporation (FDIC) recently announced that it will publish a regulatory calendar intended to assist community banks with remaining up-to-date on ongoing changes in federal banking laws, regulations, and supervisory guidance.  The FDIC’s goals in creating the calendar are to facilitate regulatory compliance and to improve the FDIC’s communication with the banking industry. Regulatory developments, outreach opportunities, comment periods for proposed rules, and relevant key dates will be highlighted.  Calendar entries will include information from other federal banking agencies, as well as agencies relevant to the FDIC’s examination programs.  A draft of the calendar is available on the FDIC’s website for viewing and feedback.  

Spring Edition of FDIC Consumer News Now Available -- Get Yours Today!

The Spring 2012 edition of FDIC Consumer News is now available.  The latest quarterly installment provides advice to consumers about: 

• How to buy a CD
• Saving for college
• How to pick a car loan
• Tips for solving complaints with a bank

The newsletter is available on-line here. 

For people who prefer a paper copy – and who likely are not reading this post! – call the FDIC at 877-275-3342. 

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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