New Examination Procedures for Retail Nondeposit Investment Product Sales
The FDIC's Division of Supervision has developed the attached new
examination procedures for retail nondeposit investment product
(NDIP) sales. The new examination procedures, which take effect
on June 1, 1997, provide a consistent framework for assessing
NDIP programs and enable examiners to exercise judgment and
discretion in their reviews. The procedures have a two-tier
format to streamline examinations and focus examination resources
on material supervisory concerns.
For further information, please contact your Division of
Supervision regional office.
Distribution: FDIC-Supervised Banks (Commercial and Savings)
NOTE: Paper copies of FDIC financial institution letters may be
obtained through the FDIC's Public Information Center, 801 17th
Street, N.W., Room 100, Washington, D.C. 20434 (800-276-6003 or