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Financial Institution Letters

October 21, 2019

Announcing FDICconnect’s Enterprise File Exchange (EFX)

Replacement for FDICconnect’s Examination File Exchange (EFE)

Printable Format:

FIL-63-2019 - PDF (PDF Help)


On September 30, 2019, the Federal Deposit Insurance Corporation (FDIC) launched the new Enterprise File Exchange (EFX) module through FDICconnect. EFX is a secure application for FDIC-insured institutions to exchange examination-related documentation with the FDIC and State banking authorities.

Statement of Applicability to Institutions with Total Assets under $1 billion: This Financial Institution Letter applies to all FDIC-supervised financial institutions.


Continuation of FIL-63-2019


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

Financial Institution Letters
October 21, 2019

On September 30, 2019, the Federal Deposit Insurance Corporation (FDIC) launched the new Enterprise File Exchange (EFX) application through FDICconnect. EFX is a secure, transaction-based file transfer application for FDIC-insured institutions.

EFX was developed in response to industry feedback regarding the need for improved file transfer and data exchange capabilities. EFX will allow FDICconnect users to securely send and receive data between financial institutions, the FDIC, and State banking authorities.

Implementation of EFX is the initial step in a multi-phase project to enhance file transfer capabilities. EFX will replace the Examination File Exchange (EFE) transaction functionality within FDICconnect. EFE will remain available for ongoing examinations through April 1, 2020. Subsequent phases will address file sharing transactions for non-bank entities that are currently conducted via other FDICconnect modules.

EFX is integrated with the FDIC's identity access system via FDICconnect for user authentication. External users must be registered with FDICconnect to benefit from the enhanced capability provided by EFX. External users will continue to be authenticated using two-factor authentication using email, password, and a one-time password.

The modernization of the FDICconnect file transfer module affirms the FDIC's commitment to:

The EFX User Guide is attached.

For more information, please contact, Kay Henley, Financial Analyst, Division of Risk Management Supervision, at (703) 254-0366 (e-mail or Tray Halverson, Financial Analyst at (202) 898-6565 (e-mail