FDICconnect Transaction List |
Business Area |
Transaction Name and Description |
Scheduled Activation Date |
Available to: |
Supervision |
Beneficial 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. |
Available Now |
Institutions
subject to
filings under
the Securities
and Exchange
Act of 1934. |
|
Brokered Deposit 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. |
Available Now |
FDIC-Insured Institutions |
|
Consent to 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. |
Available Now |
FDIC-Supervised |
|
Consumer Response 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 environment. |
Available Now |
FDIC-Supervised Institutions |
|
Establish 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. |
Available Now |
FDIC-Supervised Institutions |
|
Examination 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. |
Available Now |
FDIC-Supervised Institutions |
|
Extension 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. |
Available Now |
FDIC-Supervised Institutions |
|
Golden Parachute 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. |
Available Now |
FDIC-Insured Institutions |
|
Post-Exam 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 Center. |
Available Now |
Institutions recently examined for Compliance or Safety & Soundness |
|
Applications 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.
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.
Below are the applications that require
insured depository institutions to receive
approval prior to engaging in certain
activities:
- Under Section 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 undercapitalized.
- Any insured 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.
- Any insured 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".
- Any critically undercapitalized insured
depository institution should submit
"an application to pay principal or
interest on subordinated debt".
- Any critically undercapitalized insured
depository institution should submit
"an application to engage in certain
restricted activities".
| Available Now |
|
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Reduce or 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 file
attachment/submission. |
Available Now |
FDIC-Supervised Institutions |
|
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. |
Available Now |
FDIC-Insured Institutions |
Administrative
(Data collections, Notifications from and to the FDIC, Product Ordering, etc.)
|
Acquiring 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 institutions.
Completing the 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.
For information regarding loan sales,
please access www.fdicsales.com.
| Available Now |
|
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Contact FDIC Ombudsman: Use this
transaction to send questions, comments,
or complaints to the FDIC Ombudsman. |
Available Now |
FDIC-Supervised Institutions |
|
FDIC Online 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. |
Available Now |
FDIC-Insured Institutions |
|
Institution 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. |
Available Now |
FDIC-Insured Institutions |
|
Logo Request: Use this transaction to
order electronic logos from the FDIC. The
logos can be used in publications and
electronic media. |
Available Now |
FDIC-Insured Institutions |
|
Summary of 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. |
Available Now |
Institutions subject to the Summary of Deposits reporting requirement |
Deposit Insurance Assessment |
Assessment 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. |
Available Now |
FDIC-Insured Institutions |
|
Assessment Payment Information:
Update 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.
Update 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. |
Available Now |
FDIC-Insured Institutions |