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ARTICLE · 02 SEPTEMBER 2009

FDIC Issues Letter Extending Supervisory Procedures For De Novo FDIC - Supervised Depository Institutions

Goodwin Procter LLP
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The FDIC issued a financial institution letter (FIL-50-2009, the “Letter”) in which it advised the banking industry that it was extending its special supervisory period for "de novo" state member depository institutions (“DIs”) from three to seven years.

United StatesFinance and Banking

Developments of Note

  • FDIC Issues Letter Extending Supervisory Procedures For De Novo FDIC - Supervised Depository Institutions
  • FDIC Extends The Transaction Account Guarantee Portion Of The Temporary Liquidity Guarantee Program
  • Federal Banking Agencies Issue NPR Regarding Regulatory Capital Standards Related To Adoption Of FAS No. 166 And 167
  • Australia and new zealand bank group, ltd. Pays $5.75 million settlement to OFAC For Alleged Foreign Exchange Activity Violations

Other Item of Note

  • Goodwin Procter Issues Client Alert On Obama Administration's Proposed OTC Derivatives Legislation

DEVELOPMENTS OF NOTE

FDIC Issues Letter Extending Supervisory Procedures For De Novo FDIC - Supervised Depository Institutions

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