The Federal Deposit Insurance Corporation (FDIC) announced today that it will hold a meeting of the Advisory Committee on Community Banking on Thursday, July 25th. Topics for the meeting include an update from staff on the FDIC's community bank initiatives, and discussions about payment system developments and implications and information technology examination issues. The Committee will also receive an update on policy issues from senior staff of the FDIC's Risk Management Supervision and Depositor and Consumer Protection divisions.
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. A webcast of the meeting will be available on the FDIC's Web site.
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 7,019 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-64-2013