Ownership Report Filings: A interagency electronic filing
system to facilitate the submission of beneficial ownership reports
by directors, officers, and principal shareholders of institutions
whose equity securities are registered with the FDIC, the FRB, the
OCC, and the OTS. The electronic filing of beneficial ownership reports
is mandatory, as required by the Sarbanes-Oxley Act of 2002.
to filings under the Securities and Exchange Act of 1934.
Waiver: This system can be used to submit an application pursuant
to Section 29 of the FDI Act and Section 337.6 of the FDIC Rules and
Regulations. These regulations state that an adequately capitalized
insured depository institution may not accept, renew, or roll over
any brokered deposit unless it has obtained a waiver from the FDIC.
National banks, Federal Reserve member banks and Thrift institutions
should consult the regulations of their primary regulator to ensure
that they meet any additional requirements.
Exercise Trust Powers: This system can be used to submit an
application pursuant to Section 333.2 of the FDIC Rules and Regulations
which prohibits a State nonmember bank from changing the general character
of its business without the prior written consent of FDIC. A change
in the character of business is generally considered to have occurred
when a fiduciary relationship is created. FDIC only gives consent to
exercise powers that are granted or permitted by the State Authority.
FDIC does not grant trust powers.
Center: In accordance with the Federal Trade Commission Act
of 1975, the FDIC's Consumer Response Center, which is part of the
Division of Supervision and Consumer Protection (DSC), is required
to track, investigate, and respond to all written correspondence directed
at FDIC-supervised institutions. This system will allow the FDIC and
institutions to complete this process electronically within the FDICConnect secure
or Relocate Domestic Branch or Office: This system may be
used to apply to the FDIC to establish a domestic branch, to relocate
a domestic branch or main office, and to retain existing branches after
the interstate relocation of the main office (Subpart C – Part 303,
FDIC Rules and Regulations). This system should not be used for merger
transactions, establishing insured branches of foreign banks or foreign
branches of domestic banks, interstate acquisition of an individual
branch or branches, or to provide notice of branch closings. This transaction
is enhanced to provide the ability to submit electronic files as well
as distribution of the filing to participating State Banking Departments.
File Exchange: In an effort to reduce examination burden on
its institutions, the FDIC currently requests various amounts of information
that is reviewed prior to the on-site portion of the examination. This
system will allow institutions and/or other affiliated parties such
as data servicers to exchange files securely with the FDIC.
of Time: Institutions can use this system to seek the prior
consent of the FDIC for additional time to fulfill a condition required
in an application approved by the FDIC or to consummate a transaction
which was the subject of an approval by the FDIC. This system will
distribute the filings to participating State Banking Departments.
It will also support file attachment/submission.
and Excess Severance Payments: This system can be used to
submit an application pursuant to Section 18(k)(1) of the FDI Act and
Part 359, which requires insured depository institutions and holding
companies to seek prior consent before entering into contracts to pay
and making golden parachute payments or excess nondiscriminatory severance
plan payments. This system will distribute the filings to participating
State Banking Departments. It will also support file attachment/submission.
Survey: Use this application to complete a Post Exam Survey
after Compliance and Safety and Soundness exams. An access number will
be delivered with your Final Report of Exam, at which time you may
log onto www.fdicconnect.gov to
provide your feedback. The survey is located outside of the Business
examined for Compliance or Safety & Soundness
Pursuant to Prompt Corrective Action: This system can be
used to submit an application pursuant to Part 303.200 of Subpart
K of the FDIC Rules and Regulations which covers applications filed
pursuant to Section 38 of the FDI Act. These regulations require
insured depository institutions that are not adequately capitalized
to receive approval prior to engaging in certain activities. Section
38 restricts or prohibits certain activities and requires an insured
depository institution to submit a capital restoration plan when
it becomes undercapitalized. The restrictions and prohibitions become
more severe as an institution's capital level declines.
Federal Reserve member banks and Thrift institutions should consult
the regulations of their primary regulator to ensure that they meet
any additional requirements.
Below are the applications
that require insured depository institutions to receive approval prior
to engaging in certain activities:
325.104 of the FDIC Rules and Regulations, state nonmember banks
that are undercapitalized, significantly undercapitalized or critically
undercapitalized, must file "a capital restoration plan" with
the FDIC within 45 days of the date that the bank receives notice,
or is deemed to have notice, that it is less than adequately capitalized.
An insured state
nonmember bank and any insured branch of a foreign bank should
submit an "application for capital distribution" if,
after having made a capital distribution, the institution would
be undercapitalized, significantly undercapitalized, or critically
state nonmember bank and any insured branch of a foreign bank which
is undercapitalized or significantly undercapitalized, and any
insured depository institution which is critically undercapitalized,
should submit "an application to engage in acquisitions, branching
or new lines of business". A new line of business will include
any new activity exercised which, although it may be permissible,
has not been exercised by the institution.
state nonmember bank or insured branch of a foreign bank that is
significantly or critically undercapitalized, or any insured state
nonmember bank or any insured branch of a foreign bank that is
undercapitalized and which has failed to submit or implement in
any material respect an acceptable capital restoration plan, should
submit "an application to pay a bonus or increase compensation
for any senior executive officer".
undercapitalized insured depository institution should submit "an
application to pay principal or interest on subordinated debt".
undercapitalized insured depository institution should submit "an
application to engage in certain restricted activities".
Retire Capital Stock or Capital Debt: This system can be used
to submit an application in accordance with Section 18(i)(1) of the
FDI Act which requires an insured State nonmember bank to seek the
prior consent of the FDIC before it reduces the amount or retires any
part of its common or preferred capital stock, or retires any part
of its capital notes or debentures. This system will distribute the
filings to participating State Banking Departments. It will also support
Special Alerts: The
FDIC currently distributes FDIC Special Alerts regarding apparent fraudulent
activities. While Special Alerts are posted on the FDIC web site, their
attachments (which often include copies of fraudulent and authentic financial
instruments) are not posted in order to prevent them from being used
to further perpetuate the fraudulent activity. To meet requests by the
industry and to expedite the communication process (paper distribution
of these alerts can take as long as three weeks), the FDIC will begin
distribution of these Special Alerts and their attachments through FDICconnect.
Distribution through this media will allow instantaneous and secure delivery.
collections, Notifications from and to the FDIC, Product Ordering, etc.)
a Failed Financial Institution: Use this transaction to
express interest in being notified of potentially failing financial
institutions. The survey will help the FDIC tailor potential bid
lists based on submitted institution preferences such as merger and
acquisition contact information, deposit minimum/maximum acquisition
size, and geographic areas of interest in acquiring potentially failing
survey does not mean that you will automatically be notified of all
potentially failing institutions that meet stated criteria. The FDIC
will review the submitted information to pre-approve each bid list
based on a set of supervisory criteria prior to sending notification
of a marketing effort.
Ombudsman: Use this transaction to send questions, comments,
or complaints to the FDIC Ombudsman.
Catalog: Use this transaction to order or download FDIC products.
Items such as posters, decals, brochures, and artwork are available
for shipping. Items available for download include software applications.
Information: Use this transaction to change or correct the
name of your institution or the address of its main office. You can
also change or correct a branch name or address, or notify the FDIC
of a branch closing.
Logo Request: Use
this transaction to order electronic logos from the FDIC. The logos can
be used in publications and electronic media.
Deposits – Internet Collection (SOD-IC): Use this application
to submit your yearly SOD bank data. A User ID and PIN will be mailed
to your institution prior to the reporting deadline, at which time
you may log onto deposits.fdicconnect.gov to
provide your data. There is no need to register with FDICconnect to
complete the survey; it is located outside of the Business Center.
to the Summary of Deposits reporting requirement
Invoice Delivery: Use this transaction to download the most
current and the previous quarters' assessment invoices or certified
statements for your institution. Previous quarters back through June
2003 are available. The download will include the assessment guidelines
as well as any other documentation included with that invoice or statement.
ACH Information: Use this transaction to register your
institution's Automated Clearing House (ACH) information for assessment
payments. You can also update existing ACH information, changing
the Account Number, Routing Transit Number (RTN), and selecting
the account type, GL or DDA. Additionally, you may update the ACH
contact name, phone, and/or fax number.
Payment Option: Use this transaction to establish or terminate
participation in the pre-payment and double payment programs. Please
note, pre-payment is only available for the January 2nd invoice
which you may elect to pay on December 30th. If you elect the pre-pay
program, you can then elect to double pay on December 30th as well.
Deadline for receipt of these requests to be effective is 60 days
prior to the January 2nd invoice date.