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



 Home > About FDIC > Financial Reports > 2002 Annual Report



2002 Annual Report

 
V. Appendix A
 

Key Statistics

 
FDIC Applications 2000 - 2002
  2002 2001 2000
Deposit Insurance 112 133 205
Approved 112 133 205
Denied 0 0 0
New Branches 1,285 1,010 1,286
Approved 1,285 1,010 1,286
Denied 0 0 0
Mergers 201 266 316
Approved 201 266 316
Denied 0 0 0
Requests for Consent to Serve1 295 231 249
Approved 295 231 248
     Section 19 12 19 15
     Section 32 283 212 233
Denied 0 0 1
     Section 19 0 0 1
     Section 32 0 0 0
Notices of Change in Control 31 21 28
Letters of Intent Not to Disapprove 31 21 28
Disapproved 0 0 0
Brokered Deposit Waivers 33 21 25
Approved 33 21 25
Denied 0 0 0
Savings Association Activities 2 69 76 80
Approved 69 76 80
Denied 0 0 0
State Bank Activities/Investments 3 26 29 36
Approved 26 29 36
Denied 0 0 0
Conversions of Mutual Institutions 4 4 8
Non-Objection 4 4 8
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.

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