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Inactive Financial Institution Letters

Letter to Stakeholders
Fourth Quarter 2004 Edition of the FDIC's Letter to Stakeholders
FIL-2-2005
January 18, 2005


Summary: The FDIC has issued its quarterly Letter to Stakeholders, which reports on the FDIC's priorities and activities for the fourth quarter of 2004. The Letter to Stakeholders is attached.

Highlights:
  • The FDIC had many accomplishments in the fourth quarter of 2004, including:
    • Issuing a study on “account-hijacking” identity theft.
    • Issuing, with other bank and thrift regulators, guidance on Internal Ratings-Based Systems for Retail Credit Risk for Regulatory Capital – a major step in the domestic implementation of the Basel capital scheme.
    • Expanding outreach of its financial education program – Money Smart – to more than 300,000 consumers, resulting in the creation of about 40,000 banking relationships since the program's inception in 2001.
    • Publishing a final rule that modernizes and simplifies the Deposit Insurance Assessment certified statement process.
  • Feedback to the Letter to Stakeholders is encouraged, as are suggestions for improvement.
  • For more information, visit the FDIC's Web site at www.fdic.gov.

Distribution:
FDIC-Insured Institutions

Suggested Routing:
Chief Executive Officer

Related Topics:
FDIC Key Indices

Attachment:
Letter to Stakeholders

Contact:
Senior Accountant Karen Flynn at kflynn@fdic.gov or 202-416-2032

Printable Format:
FIL-2-2005 - PDF 36k (PDF Help)

Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2005/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).




Last Updated 01/18/2005 communications@fdic.gov

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