The Federal Deposit Insurance Corporation today announced that it will hold a meeting of the Advisory Committee on Community Banking on Thursday, Nov. 3. Senior staff will discuss and provide updates on the FDIC’s Community Banking Initiative, efforts to support de novo formations and to develop the next generation of bankers, and FDIC assessment rates. There will also be presentations by FDIC senior staff on consumer compliance policy issues and risk management supervision policy issues.
The meeting, open to the public, will be held from 9 a.m. to 3 p.m. in the FDIC’s main building located at 550 17th Street, N.W., Washington, D.C. The meeting also will be webcast live. The agenda for the meeting and a link to the webcast are available at FDIC’s Advisory Committee on Community Banking Page.
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.
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, 6,058 as of June 30, 2016. 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.