Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Supplemental Guidance Related to the FDIC Statement of Policy on Applications for Deposit Insurance

April 6, 2016

Summary:

The FDIC is issuing guidance in the form of supplemental "Questions and Answers" (Q&As) to aid applicants in developing proposals for deposit insurance. The supplemental Q&As, which address business planning, provide additional transparency to the application process and supplement the guidance issued November 20, 2014, through Financial Institution Letter (FIL) 56-2014.

Statement of Applicability to Institutions With Total Assets Under $1 Billion: This Financial Institution Letter applies to all insured depository institutions.

Highlights:

  • Part 303 (Subpart B) of the FDIC Rules and Regulations (12 U.S.C. § 1815) sets forth the administrative procedures to apply for deposit insurance.
  • The FDIC Statement of Policy on Applications for Deposit Insurance , which was effective October 1, 1998, provides additional guidance to proposed depository institutions applying for deposit insurance.
  • The FDIC issued Q&As on November 20, 2014, through FIL-56-2014, entitled Guidance Related to the FDIC Statement of Policy on Applications for Deposit Insurance . The Q&As addressed pre-filing meetings, processing timelines, initial capitalization, and initial business plans of de novo institutions.
  • The supplemental Q&As address business plan content with respect to initial submissions, weaknesses identified in submitted plans, and changes in business plans.
  • The FDIC may post additional Q&As as circumstances warrant.

Distribution:

  • FDIC-Insured Depository Institutions

Suggested Routing:

  • Chief Executive Officer
  • Chief Financial Officer

Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).

Attachment(s)
12 CFR Part 303 (Subpart B)
FDIC Statement of Policy on Applications for Deposit Insurance - Effective October 1, 1998
Guidance Related to the FDIC Statement of Policy on Applications for Deposit Insurance - Questions and Answers (Q&As) Posted November 2014

Last Updated: April 6, 2016