FDIC has established time-line guidelines for processing applications,
notices, and other formal requests filed by open banks and
their institution-affiliated parties. The agency's goal is
to act as promptly as practicable, while allowing appropriate
time for review and evaluation.
is a listing of the types of requests covered and the target
processing times. These time lines apply only to requests
that do not raise novel legal or policy issues. In addition,
applications that have been subject to a Community Reinvestment
Act protest, involve a historic site, or cannot be acted upon
at the regional office level may take additional time. Approximately
90 percent of all applications with the FDIC are decided under
delegated authority at the appropriate regional office.
additional guidance on these and related matters, please contact
the FDIC regional office for the region in which your institution
J. Ketcha Jr.
Division of Compliance and Consumer Affairs
attachment to this Financial Institution Letter is not currently
available in electronic format. Until it is in a form that
will allow us to post it to the internet, you may obtain hard
copy or fax from: