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



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2006 Annual Report

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VI. Appendix A – Key Statistics

FDIC Actions on Financial Institutions Applications 2004 – 2006
  2006 2005 2004
Deposit Insurance 142 219 176
      Approved 142 219 176
      Denied 0 0 0
New Branches 1,257 1,575 1,447
      Approved 1,257 1,575 1,447
      Denied 0 0 0
Mergers 229 286 311
      Approved 229 286 311
      Denied 0 0 0
Requests for Consent to Serve6 138 170 301
      Approved 138 170 301
            Section 19 11 13 13
            Section 32 127 157 288
      Denied 0 0 0
            Section 19 0 0 0
            Section 32 0 0 0
Notices of Change in Control 3 9 18
      Letters of intent Not to Disapprove 2 9 18
      Disapproved 1 0 0
Broker Deposit Waivers 26 40 32
      Approved 26 40 32
      Denied 0 0 0
Savings Association Activities7 33 59 70
      Approved 33 59 70
      Denied 0 0 0
Savings Association Activities8 14 18 27
      Approved 14 18 27
      Denied 0 0 0
Conversion of Mutual Institutions 9 11 12
      Approved 9 11 12
      Denied 0 0 0

6 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.

7 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.

8 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 03/16/2007 communications@fdic.gov

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