FDIC Announces Advisory Committee on Community Banking Meeting
November 19, 2014
The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a meeting of the Advisory Committee on Community Banking on Thursday, November 20. Staff will provide an update on the FDIC's community bank initiatives with new research on branch banking in the United States presented by the Division of Insurance and Research.
There will also be discussions about the review of banking regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA), bank regulatory reporting, cyber security and recent supervisory guidance. Senior staff from the FDIC's Risk Management Supervision Division will provide an update on supervisory policy issues related to community banking.
Established in May 2009, the Advisory Committee on Community Banking discusses and provides input to the FDIC on a wide variety of topics, including current examination policies and procedures, credit and lending practices, deposit insurance assessments, insurance coverage and regulatory compliance.
The meeting is open to the public and will be held from 9:00 a.m. to 3:00 p.m. in the FDIC's Virginia Square facility located in Arlington, VA, at 3501 N. Fairfax Drive. It is adjacent to Metro's Virginia Square Station on the Orange Line. The meeting also will be webcast live.
The agenda for the meeting and a link to the webcast are available at https://fdic.gov/communitybanking/2014/2014-11-20_agenda.html.
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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 banks and savings associations, 6,656 as of June 30, 2014. 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-99-2014