Guidance Related to the 多宝游戏下载 Statement of Policy on Applications for Deposit Insurance
Summary:
The 多宝游戏下载 is issuing guidance in the form of "Questions and Answers" or "Q&As" to aid applicants in developing proposals for deposit insurance and to provide transparency to the application process.
Statement of Applicability to Institutions With Total Assets Under $1 Billion: This Financial Institution Letter applies to all insured depository institutions.
Highlights:
Part 303 (Subpart B) of the 多宝游戏下载 Rules and Regulations (12 U.S.C. 搂 1815) sets forth the administrative procedures to apply for deposit insurance.
The 多宝游戏下载 Statement of Policy on Applications for Deposit Insurance (SOP), which was effective October 1, 1998, provides additional guidance to proposed depository institutions applying for deposit insurance.
The 多宝游戏下载 strives to provide transparency in the application process and periodically receives questions regarding the SOP from applicants and other related parties.
To aid potential applicants, the 多宝游戏下载 is issuing Q&As related to the SOP. As circumstances warrant, the 多宝游戏下载 may post additional Q&As to the 多宝游戏下载's Web site.
The Q&As cover topics such as pre-filing meetings, processing timelines, initial capitalization, and initial business plans of de novo institutions.
Continuation of FIL-56-2014
Distribution:
- 多宝游戏下载-Insured Depository Institutions
Suggested Routing:
- Chief Executive Officer
- Chief Financial Officer
Paper copies of 多宝游戏下载 FILs may be obtained through the 多宝游戏下载's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).
Financial Institution Letters
FIL-56-2014
November 20, 2014
Guidance Related to the 多宝游戏下载 Statement of Policy on Applications for Deposit Insurance
This Financial Institution Letter (FIL) provides guidance related to the 多宝游戏下载 Statement of Policy of Applications for Deposit Insurance (SOP). Part 303 (Subpart B) of the 多宝游戏下载 Rules and Regulations (12 U.S.C. 搂 1815) sets forth the administrative procedures for applying for deposit insurance.
The SOP was effective October 1, 1998, and provides additional guidance to proposed depository institutions applying for federal deposit insurance.
In order to aid applicants in developing proposals for deposit insurance, and to provide transparency to the application process, the 多宝游戏下载 has developed an initial set of questions and answers (Q&As) regarding the SOP. The Q&As (attached to this FIL) address pre-filing meetings, processing timelines, initial capitalization, and initial business plans of de novo institutions.
As circumstances warrant, the 多宝游戏下载 will consider additional Q&As to aid applicants in the development and submission of applications for deposit insurance and the application process. It is the 多宝游戏下载's intent that the Q&As will be a valuable resource for applicants and other interested parties.
Questions regarding the SOP or the Q&As may be directed to Associate Director Lisa D. Arquette at larquette@fdic.gov or Donald R. Hamm at dhamm@fdic.gov .
Doreen R. Eberley
Director
Division of Risk Management Supervision