The Federal Deposit Insurance Corporation (FDIC) has announced that it will hold a meeting of its Advisory Committee on Community Banking on Thursday, November 8, 2012. The meeting will feature an update from staff working on the FDIC's Community Banking Initiatives, including a summary of the six community banker roundtables held across the country this year and updates on both the research agenda and supervisory process initiatives. The FDIC has announced that it will release additional findings from the Community Banking Initiatives by the end of the year.
In 2009, the FDIC Board of Directors approved establishing the FDIC Advisory Committee on Community Banking to provide the FDIC with advice and guidance on a broad range of important policy issues affecting small community banks throughout the country, as well as the local communities they serve, with a focus on rural areas.
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 7,246 banks and savings associations, and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-126-2012