Summary:
On October 11, 2023, the Federal Deposit Insurance Corporation (FDIC) published in the
Federal Register a proposal to issue Guidelines as Appendix C to FDIC’s standards for
safety
and soundness regulations in Part 364 and make conforming amendments to parts 308 and 364 of
its regulations. These Guidelines would apply to all insured state nonmember banks,
state-licensed insured branches of foreign banks, and insured state savings associations
that are subject to Section 39 of the Federal Deposit Insurance Act (FDI Act), with total
consolidated assets of $10 billion or more on or after the effective date of the final
Guidelines. The notice of proposed rulemaking stated that the comment period would close on
December 11, 2023. The FDIC has determined that an extension of the comment period until
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