Release date- 05082019 - The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks
recently evaluated for compliance with the Community Reinvestment Act (CRA).
A consolidated list of all state nonmember banks
whose evaluations have been made publicly available since July 1, 1990, including the rating for each bank, can be obtained atwww.fdic.gov or from the FDIC's Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200).
The information and analysis presented in the article "Credit Risk Grading Systems: Observations from a Horizontal Assessment" are drawn from examiner observations about the loan risk-rating systems at selected large state nonmember banks
. It illustrates how strong credit grading systems incorporate clearly identifiable processes and establish a sound governance framework.
Given the nature of other Depression-era credit initiatives, it is not unreasonable to conjecture that Congress added 13(3) to allow for discount window lending to distressed financial intermediaries such as nonmember banks
and other financial institutions outside the Federal Reserve System.
handles applications for insured state nonmember banks
In 1929, nearly all interbank deposits held by Federal Reserve member banks belonged to "shadowy" nonmember banks
which were outside the regulatory reach of federal regulators.
Banks that are state-chartered, like Ohio Valley Bank, are divided into those that are members of the Federal Reserve System (state member banks) and those that are not (state nonmember banks
The orders cover national banks, state member banks, state nonmember banks
, bank holding companies, and bank subsidiaries.
National banks, which are supervised by the 0CC; state member banks, supervised by the Board of Governors of the Federal Reserve System; state nonmember banks
, supervised by the FDIC; and savings associations, supervised by the OTS, would have to adhere to the regulations.
This paper explains how the shift of deposits from nonmember banks
and country banks to larger member banks increased the average or "effective" reserve requirement in the 1929-1936 period.
Although nonmember banks
still could not deposit checks directly with the Reserve Banks, they were entitled to send checks to the Fed through their correspondents that were member banks, and many apparently did (Spahr 1926, p.
The role of vault cash for nonmember banks
and thrifts is more complex than that for Federal Reserve member banks, as described in this article.