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. |
|