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Federal Deposit
Insurance Corporation

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

Financial Institution Letters

FIL-51-2019
September 23, 2019

Supplemental Questions and Answers Related to the FDIC Statement of Policy on Applications for Deposit Insurance

Printable Format:

FIL-51-2019 - PDF (PDF Help)

Summary:

The FDIC is issuing supplemental "Questions and Answers" (Supplemental Q&As) to aid organizing groups in developing applications for deposit insurance. The Supplemental Q&As note that applications for deposit insurance do not need to identify a specific physical location (address) of the proposed institution's main office at the time of submission. Relevant information is provided regarding the application and publication requirements. Also, the proposed chief executive officer is to be identified at the time of filing, while other senior executive officers may be identified later in the process.

Statement of Applicability to Institutions With Total Assets Under $1 Billion: This Financial Institution Letter applies to all proposed insured depository institutions.

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Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).

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