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



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2004 Annual Report

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VI. Appendix A – Key Statistics


FDIC Actions on Financial Institutions Applications 2002 - 2004
  2004 2003 2002
Deposit Insurance 176 141 112
Approved 176 140 112
Denied 0 1 0
New Branches 1,447 1,227 1,285
Approved 1,447 1,227 1,285
Denied 0 0 0
Mergers 311 304 201
Approved 311 304 201
Denied 0 0 0
Requests for Consent to Serve1 301 369 295
Approved 301 368 295
     Section 19 13 13 12
     Section 32 288 355 283
Denied 0 1 0
     Section 19 0 0 0
     Section 32 0 1 0
Notices of Change in Control 18 30 31
Letters of Intent Not to Disapprove 18 30 31
Disapproved 0 0 0
Brokered Deposit Waivers 32 28 33
Approved 32 28 33
Denied 0 0 0
Savings Association Activities 2 70 56 69
Approved 70 56 69
Denied 0 0 0
State Bank Activities/Investments 3 27 19 26
Approved 27 19 26
Denied 0 0 0
Conversions of Mutual Institutions 12 7 4
Non-Objection 12 7 4
Objection 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 nonmember 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.

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




Last Updated 03/24/2005 communications@fdic.gov

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