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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Inactive Financial Institution Letters

FIL-66-2018
October 30, 2018

Proposed Removal of the FDIC's Part 350 Annual Disclosure Statement Requirement

Printable Format:

FIL-66-2018 - PDF (PDF Help)

Summary:

On October 25, 2018, the FDIC published the attached notice of proposed rulemaking to rescind and remove Part 350 of its regulations, which is entitled Disclosure of Financial and Other Information by FDIC Insured State Nonmember Banks. Consistent with the objectives of Section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996, which includes the elimination of unnecessary regulations, the FDIC is requesting public comment on the proposed rescission and removal of Part 350.

Statement of Applicability to Institutions With Total Assets Under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised institutions, including community institutions.

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Note:

FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's website at www.fdic.gov/news/news/financial/2018/.

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

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).

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