VI. Appendices
Recoveries and Losses by the Deposit Insurance Fund on Disbursements for the Protection of Depositors, 1934-2008
| FDIC Actions on Financial Institutions Applications 2006 – 2008 |
| |
2008 |
2007 |
2006 |
| Deposit Insurance |
123 |
215 |
142 |
| Approved |
123 |
215 |
142 |
| Denied |
0 |
0 |
0 |
| New Branches |
1,012 |
1,480 |
1,257 |
| Approved |
1,012 |
1,480 |
1,257 |
| Denied |
0 |
0 |
0 |
| Mergers |
275 |
306 |
229 |
| Approved |
275 |
306 |
229 |
| Denied |
0 |
0 |
0 |
| Requests for Consent to Serve1 |
283 |
177 |
138 |
| Approved |
283 |
177 |
138 |
| Section 19 |
8 |
24 |
11 |
| Section 32 |
275 |
153 |
127 |
| Denied |
0 |
0 |
0 |
| Section 19 |
0 |
0 |
0 |
| Section 32 |
0 |
0 |
0 |
| Notices of Change in Control |
28 |
17 |
3 |
| Letters of Intent Not to Disapprove |
28 |
15 |
2 |
| Disapproved |
0 |
2 |
1 |
| Broker Deposit Waivers |
38 |
22 |
26 |
| Approved |
38 |
22 |
26 |
| Denied |
0 |
0 |
0 |
| Savings Association Activities2 |
45 |
54 |
33 |
| Approved |
45 |
54 |
33 |
| Denied |
0 |
0 |
0 |
| State Bank Activities/Investments3 |
11 |
21 |
14 |
| Approved |
11 |
21 |
14 |
| Denied |
0 |
0 |
0 |
| Conversion of Mutual Institutions |
10 |
10 |
9 |
| Approved |
10 |
10 |
9 |
| Denied |
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 non-member 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. In 1998, Part 303 changed the Delegations of Authority to act upon applications.
3 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. |
| Compliance, Enforcement and Other Related Legal Actions 2006-2008 |
| |
2008 |
2007 |
2006 |
| Total Number of Actions Initiated by the FDIC |
273 |
205 |
244 |
| Termination of Insurance |
|
|
|
| Involuntary Termination |
|
|
|
| Sec. 8a For Violations, Unsafe/Unsound Practices or Conditions |
0 |
0 |
0 |
| Voluntary Termination |
|
|
|
| Sec. 8a By Order Upon Request |
1 |
0 |
1 |
| Sec. 8p No Deposits |
2 |
2 |
2 |
| Sec. 8q Deposits Assumed |
1 |
4 |
3 |
| Sec. 8b Cease-and-Desist Actions |
|
|
|
| Notices of Charges Issued* |
21 |
3 |
0 |
| Consent Orders |
97 |
48 |
29 |
| Sec. 8e Removal/Prohibition of Director or Officer |
|
|
|
| Notices of Intention to Remove/Prohibit |
4 |
1 |
3 |
| Consent Orders |
62 |
40 |
89 |
| Sec. 8g Suspension/Removal When Charged With Crime |
0 |
0 |
0 |
| Civil Money Penalties Issued |
|
|
|
| Sec. 7a Call Report Penalties |
0 |
0 |
0 |
| Sec. 8i Civil Money Penalties |
98 |
96 |
93 |
| Sec. 10c Orders of Investigation |
2 |
7 |
17 |
| Sec. 19 Denials of Service After Criminal Conviction |
0 |
0 |
0 |
Sec. 32 Notices Disapproving Officer/Director’s
Request for Review |
0 |
0 |
0 |
| Truth-in-Lending Act Reimbursement Actions |
|
|
|
| Denials of Requests for Relief |
1 |
0 |
0 |
| Grants of Relief |
0 |
0 |
2 |
| Banks Making Reimbursement* |
94 |
91 |
110 |
| Suspicious Activity Reports (Open and closed institutions)* |
133,153 |
137,548 |
119,384 |
| Other Actions Not Listed** |
5 |
7 |
5 |
* These actions do not constitute the initiation of a formal enforcement action and, therefore, are not included in the total number of actions initiated.
** Other Actions Not Listed includes two Section 19 Waiver grants and three Other Formal Actions. |
