Enter Search TextSubmitSearch Advanced Search     Home     Deposit Insurance     Consumer Protection     Industry Analysis     Regulations & Examinations     Asset Sales     News & Events     About FDIC

		Home > News & Events > Financial Institution Letters

Financial Institution Letters

The FDIC Board of Directors is seeking comment on a proposed revision to its policy statement concerning financial assistance to operating insured depository institutions. This policy statement was last revised on December 18, 1992. Written comments on the proposed revision, which is contained in the attached Federal Register notice, are due by August 2, 1996. In addition to streamlining the policy statement, the proposed revision would: delete references to the statutory authority of the Resolution Trust Corporation, which sunset on December 31, 1995; and incorporate the requirement of section 11 of the Resolution Trust Corporation Completion Act, which was enacted in 1993, to prohibit, with certain exceptions, the use of funds from the Bank Insurance Fund or the Savings Association Insurance Fund to benefit shareholders of a failing insured depository institution. For more information, please call Sean C. Forbush, Resolution Specialist in the FDIC's Division of Resolutions, at (202) 898-8506; Barbara I. Taft, Assistant General Counsel in the FDIC's Legal Division, at (202) 736-0183; or Michael B. Phillips, Counsel in the FDIC's Legal Division, at (202)736-0186. Gail L. Patelunas Acting Director Attachment: PDF Format (39 kb, PDF help or hard copy),HTML Format Distribution: All Insured Banks and Savings Associations

Last Updated 07/13/1999

communications@fdic.gov

Home    Contact Us    Search    Help    SiteMap    Forms Freedom of Information Act (FOIA) Service Center    Website Policies    USA.gov

FDIC Office of Inspector General