Each depositor insured to at least $250,000 per insured bank



Home > About FDIC > Financial Reports > 2008 Annual Report




2008 Annual Report



Previous | Contents | Next

VI. Appendices

Recoveries and Losses by the Deposit Insurance Fund on Disbursements for the Protection of Depositors, 1934-2008

FDIC Actions on Financial Institutions Applications 2006 2008
  2008 2007 2006
Deposit Insurance 123 215 142
Approved 123 215 142
Denied 0 0 0
New Branches 1,012 1,480 1,257
Approved 1,012 1,480 1,257
Denied 0 0 0
Mergers 275 306 229
Approved 275 306 229
Denied 0 0 0
Requests for Consent to Serve1 283 177 138
Approved 283 177 138
Section 19 8 24 11
Section 32 275 153 127
Denied 0 0 0
Section 19 0 0 0
Section 32 0 0 0
Notices of Change in Control 28 17 3
Letters of Intent Not to Disapprove 28 15 2
Disapproved 0 2 1
Broker Deposit Waivers 38 22 26
Approved 38 22 26
Denied 0 0 0
Savings Association Activities2 45 54 33
Approved 45 54 33
Denied 0 0 0
State Bank Activities/Investments3 11 21 14
Approved 11 21 14
Denied 0 0 0
Conversion of Mutual Institutions 10 10 9
Approved 10 10 9
Denied 0 0 0

1 Under Section 19 of the Federal Deposit Insurance (FDI) Act, an insured institution must receive FDIC approval before employing a person convicted of dishonesty or breach of trust. Under Section 32, the FDIC must approve any change of directors or senior executive officers at a state non-member bank that is not in compliance with capital requirements or is otherwise in troubled condition.

2 Amendments to Part 303 of the FDIC Rules and Regulations changed FDIC oversight responsibility in October 1998. In 1998, Part 303 changed the Delegations of Authority to act upon applications.

3 Section 24 of the FDI Act, in general, precludes a federally-insured state bank from engaging in an activity not permissible for a national bank and requires notices to be filed with the FDIC.

 

Compliance, Enforcement and Other Related Legal Actions 2006-2008
  2008 2007 2006
Total Number of Actions Initiated by the FDIC 273 205 244
Termination of Insurance      
Involuntary Termination      
Sec. 8a For Violations, Unsafe/Unsound Practices or Conditions 0 0 0
Voluntary Termination      
Sec. 8a By Order Upon Request 1 0 1
Sec. 8p No Deposits 2 2 2
Sec. 8q Deposits Assumed 1 4 3
Sec. 8b Cease-and-Desist Actions      
Notices of Charges Issued* 21 3 0
Consent Orders 97 48 29
Sec. 8e Removal/Prohibition of Director or Officer      
Notices of Intention to Remove/Prohibit 4 1 3
Consent Orders 62 40 89
Sec. 8g Suspension/Removal When Charged With Crime 0 0 0
Civil Money Penalties Issued      
Sec. 7a Call Report Penalties 0 0 0
Sec. 8i Civil Money Penalties 98 96 93
Sec. 10c Orders of Investigation 2 7 17
Sec. 19 Denials of Service After Criminal Conviction 0 0 0
Sec. 32 Notices Disapproving Officer/Director’s
Request for Review
0 0 0
Truth-in-Lending Act Reimbursement Actions      
Denials of Requests for Relief 1 0 0
Grants of Relief 0 0 2
Banks Making Reimbursement* 94 91 110
Suspicious Activity Reports (Open and closed institutions)* 133,153 137,548 119,384
Other Actions Not Listed** 5 7 5

* These actions do not constitute the initiation of a formal enforcement action and, therefore, are not included in the total number of actions initiated.

** Other Actions Not Listed includes two Section 19 Waiver grants and three Other Formal Actions.

 

 

 


Last Updated 08/8/2009 communications@fdic.gov