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2009 Annual Report



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VI. Appendices

A. Key Statistics

FDIC Actions on Financial Institutions Applications 2007-2009
  2009 2008 2007
Deposit Insurance 19 123 215
   Approved* 19 123 215
   Denied 0 0 0
New Branches 521 1,012 1,480
   Approved 521 1,012 1,480
   Denied 0 0 0
Mergers 190 275 306
   Approved 190 275 306
   Denied 0 0 0
Requests for Consent to Serve1 503 283 177
   Approved 503 283 177
      Section 19 20 8 24
      Section 32 483 275 153
   Denied 0 0 0
      Section 19 0 0 0
      Section 32 0 0 0
Notices of Change in Control 18 28 17
   Letters of Intent Not to Disapprove 18 28 15
   Disapproved 0 0 2
Broker Deposit Waivers 35 38 22
   Approved 34 38 22
   Denied 1 0 0
Savings Association Activities2 39 45 54
   Approved 39 45 54
   Denied 0 0 0
State Bank Activities/Investments3 2 11 21
   Approved 2 11 21
   Denied 0 0 0
Conversion of Mutual Institutions 6 10 10
   Non-Objection 6 10 10
   Objection 0 0 0
* Of the 19 reported in 2009, 11 are de novo applications. There were 101 and 191 de novo applications approved in 2008 and 2007, respectively. back
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.
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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.
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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.
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Compliance, Enforcement, and Other Related Legal Actions 2007–2009
  2009 2008 2007
Total Number of Actions Initiated by the FDIC 551 273 205
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 0 1 0
      Sec. 8p No Deposits 4 2 2
      Sec. 8q Deposits Assumed 2 1 4
Sec. 8b Cease-and-Desist Actions      
      Notices of Charges Issued1,3 3 1 3
      Consent Orders 302 97 48
Sec. 8e Removal/Prohibition of Director or Officer      
      Notices of Intention to Remove/Prohibit 2 4 1
      Consent Orders 64 62 40
Sec. 8g Suspension/Removal When Charged With Crime 0 0 0
   Civil Money Penalties Issued      
      Sec. 7a Call Report Penalties 1 0 0
      Sec. 8i Civil Money Penalties 154 98 96
Sec. 10c Orders of Investigation 10 2 7
Sec. 19 Denials of Service After Criminal Conviction 0 0 0
Sec. 32 Notices Disapproving Office/Director's Request for Review 0 0 0
Truth-in-Lending Act Reimbursement Actions      
      Denials of Requests for Relief 0 1 0
      Grants of Relief 0 0 0
      Banks Making Reimbursement1 94 94 91
Suspicious Activity Reports (Open and closed institutions)1 128,973 133,153 137,548
Other Actions Not Listed2 12 5 7
1 These actions do not constitute the initiation of a formal enforcement action and, therefore, are not included in the total number of actions initiated. back
2 Other Actions Not Listed includes two Section 19 Waiver grants and three Other Formal Actions.
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3 Correction for 2008
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Last Updated 07/16/2010 communications@fdic.gov