Summary: | FDICconnect has been upgraded to allow two-way communication with the FDIC for electronic submissions of branch applications, including those to establish or relocate a domestic branch or office. FDIC-supervised institutions are encouraged to use the system to quickly and securely transmit application information to the agency. |
Highlights:
Continuation of FIL-78-2007 Distribution: Suggested Routing: Note: To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html .
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Financial Institution Letters FIL-78-2007 September 5, 2007 |
Submitting Electronic Applications The FDIC has upgraded the FDICconnect system for electronic submission of applications to establish or relocate a domestic branch or office. This change allows for secure two-way electronic communication of branch application information between FDIC-supervised financial institutions and the FDIC. The system previously allowed only the initial submission of application information. With this upgrade, institutions can quickly and securely amend applications as well as receive electronic communication from the FDIC, such as requests for additional information and/or action notifications. In addition, use of the system could relieve processing burden on institutions by allowing them and the FDIC staff to complete a significant portion of the requests electronically. The FDIC encourages all insured institutions to take advantage of this system when submitting a branch application. The FDIC provides support for bankers interested in more information or in technical assistance using FDICconnect. You may contact the FDICconnect Help Desk by calling toll- free 1-877-275-3342 (select options 1 for English, 1 for financial intuitions, and 5 for the Help Desk) or sending an e-mail to FDICconnect@fdic.gov . In addition, the FDIC has an online training presentation on the new features of the system. The expansion of FDICconnect demonstrates the FDIC's commitment to:
For more information, please contact Gina Luckenbill, Information Management Analyst, Division of Supervision and Consumer Protection, at 202-898-3848 (e-mail GLuckenbill@fdic.gov). Sandra L. Thompson Director Division of Supervision and Consumer Protection |
Additional Related Topics:
- President's Management Agenda
- Government Paperwork Elimination Act