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



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2007 Annual Report

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VI. Appendix A - Key Statistics

FDIC Actions on Financial Institutions Applications 2005 – 2007
  2007 2006 2005
Deposit Insurance 215 142 219
Approved 215 142 219
Denied 0 0 0
New Branches 1,480 1,257 1,575
Approved 1,480 1,257 1,575
Denied 0 0 0
Mergers 306 229 286
Approved 306 229 286
Denied 0 0 0
Requests for Consent to Serve5 177 138 170
Approved 177 138 170
Section 19 24 11 13
Section 32 153 127 157
Denied 0 0 0
Section 19 0 0 0
Section 32 0 0 0
Notices of Change in Control 17 3 9
Letters of Intent Not to Disapprove 15 2 9
Disapproved 2 1 0
Broker Deposit Waivers 22 26 40
Approved 22 26 40
Denied 0 0 0
Savings Association Activities6 54 33 59
Approved 54 33 59
Denied 0 0 0
State Bank Activities/Investments7 21 14 18
Approved 21 14 18
Denied 0 0 0
Conversion of Mutual Institutions 10 9 11
Non-Objection 10 9 11
Objection 0 0 0

5 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.

6 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.

7 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.

Last Updated 04/25/2008 communications@fdic.gov

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