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Inactive Financial Institution Letters


Nondeposit Investment Products

FIL-48-97
May 7, 1997

 

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: New Examination Procedures for Retail Nondeposit Investment Product Sales

The FDIC's Division of Supervision has developed the attached new examination procedures for retail nondeposit investment product (NDIP) sales. The new examination procedures, which take effect on June 1, 1997, provide a consistent framework for assessing NDIP programs and enable examiners to exercise judgment and discretion in their reviews. The procedures have a two-tier format to streamline examinations and focus examination resources on material supervisory concerns.

For further information, please contact your Division of Supervision regional office.


Nicholas J. Ketcha Jr.
Director

Attachment (2,050 kb, PDF help or hard copy)

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. 20434 (800-276-6003 or (703) 562-2200).

Last Updated 03/06/2008 communications@fdic.gov