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July 30, 2015 10:30 AM ET

Diversified Financial Services

Company Overview of Federal Deposit Insurance Corporation

Company Overview

Federal Deposit Insurance Corporation is a United States federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. The FDIC provides coverage for deposits in national banks, in state banks that are members of the Federal Reserve System, and in other qualified state banks. Federal Deposit Insurance Corporation also supervises the Savings Association Insurance Fund, the agency that was created to provide coverage for savings and loan associations. The institution was founded in 1933 and is headquartered in Washington, District Of Columbia. It has regional offices all over the United States.

550 17th Street, NW

Washington, DC 20429-0002

United States

Founded in 1933

Phone:

202-393-8400

Fax:

202-898-3772

Key Executives for Federal Deposit Insurance Corporation

Deputy to the Chairman and Chief Financial Officer
Chief Operating Officer
Chief Risk officer
Chief Learning Officer and Director of Corporate University
Chief Information Officer
Compensation as of Fiscal Year 2015.

Federal Deposit Insurance Corporation Key Developments

The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency Finalize Revisions to the Capital Rules Applicable to Advanced Approaches Banking Organizations

The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency finalized revisions to the regulatory capital rules adopted in July 2013. The final rule applies only to large, internationally active banking organizations that determine their regulatory capital ratios under the advanced approaches rule generally those with at least $250 billion in total consolidated assets or at least $10 billion in total on-balance sheet foreign exposures. The agencies published changes to the rules affecting these organizations on December 18, 2014, and the final rule adopts these changes substantially as proposed. The final rule corrects and updates certain aspects of the advanced approaches rule, including the calculation requirements for risk-weighted assets for advanced approaches banking organizations. Many of the changes enhance consistency of the advanced approaches with international capital standards. The final rule will be effective October 1, 2015.

Federal Deposit Insurance Corporation Terminates Talbot Bank's Consent Order

Talbot Bank announced that Federal Deposit Insurance Corporation (FDIC) and Maryland Commissioner of Financial Regulation have terminated the May 24, 2013 consent. While the order has been terminated, the bank will be required to continue to adhere to certain requirements and restrictions based on commitments made to the FDIC and the commissioner in connection with the termination of the order, which include continued reduction of classified assets and maintenance of capital in excess of regulatory minimums.

Jeremiah Norton Submits Letter of Resignation as Member of the Board of Directors of Federal Deposit Insurance Committee

Federal Deposit Insurance Committee announced that Jeremiah Norton submitted a letter of resignation as a Member of the Board of Directors of the committee, a move that will be effective in early-June 2015.

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