The Board also approved the applications under section 18(c) of the Federal Deposit Insurance Act
and section 9 of the Federal Reserve Act by Sandy Spring Bank, Olney, Maryland, to merge with WashingtonFirst Bank and to establish and operate branches at locations of the main office and branches of WashingtonFirst Bank.
The legislation amends the Federal Deposit Insurance Act
to raise the qualifying asset threshold from USD500 million to USD1.0 billion.
Banco Popular de Puerto Rico ("Banco Popular") (1), Hato Rey, a state member bank, has requested the Board's approval under section 18(c) of the Federal Deposit Insurance Act
(2) ("Bank Merger Act") to acquire assets and assume liabilities of Doral Bank ("Doral"), San Juan, (3) a state nonmember bank, both of Puerto Rico.
Section 17 of the Federal Deposit Insurance Act
, as amended, requires GAO to annually audit the financial statements of the DIF and the FRF.
Schwartz, a Washington attorney, thinks the OFR should look to the types of instruments included within the definition of "qualified financial contracts" (QFCs) as set forth in the Federal Deposit Insurance Act
(1.) Refer to Section 36 of the Federal Deposit Insurance Act
(FDI Act), Section 363.1: Scope and Definitions, for the requirements pertaining to compliance by subsidiaries of holding companies.
786, introduced on February 2, 2009, proposes to amend section 11(a)(1) of the Federal Deposit Insurance Act
The Fed and the FDIC are authorized under section 8 of the Federal Deposit Insurance Act
to take appropriate action against state-chartered banks when either the Fed or the FDIC discovers such acts or practices.
758 would allow businesses (and public depositors) to earn interest on their checking accounts, which is now prohibited under the Federal Deposit Insurance Act
. Despite the introduction of similar legislation in the Senate (S.
Most of the new auditing guidance relates to examples of legal opinions that auditors will need to obtain and review with regard to transfers of financial assets by banks subject to receivership or conservatorship under provisions of the Federal Deposit Insurance Act
Ackerman's Washington office, said the act will amend both the Federal Deposit Insurance Act
and the Federal Credit Union Act.