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The FDIC Board of Directors has adopted an amendment to Part 303 of the FDIC's Rules and Regulations relating to the new Case Manager Program, which has realigned regional office responsibilities of the Division of Supervision (DOS) and the Division of Compliance and Consumer Affairs (DCA) (see FIL-31-97 , dated April 10, 1997). The program is designed to streamline the FDIC's supervision process and simplify communication channels with insured institutions. The amendment to Part 303 redefines "appropriate FDIC regional office" and other related terms contained in Part 303 to change how the FDIC designates the appropriate regional office for purposes of filing applications, requests, submittals, and notices. Under the Case Manager Program, DOS and DCA now supervise groups of related insured institutions from one FDIC regional office. DOS and DCA previously supervised or monitored insured institutions from the FDIC region in which the institution was located. Supervisory matters affected by the amendment are limited to determining which FDIC regional office is responsible for processing applications and administrative actions. A copy of the Federal Register notice explaining the amendment is attached. For further information, please contact Christopher J. Spoth, Examination Specialist, Division of Supervision, on (202) 898-6611 or David K. Mangian, Regional Director, Division of Compliance and Consumer Affairs, on (312) 382-7550.
Attachment: FR, Vol. 62, No. 67, April 8, 1997, pp 16662-16664 Distribution: All Insured Banks and Savings Associations Note: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. 20434 (800-276-6003 or (703) 562-2200). |