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. |