Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
INACTIVE
This page is no longer active. Its content has expired or been rescinded by the FDIC.
Financial Institution Letter

HOST STATE LOAN-TO-DEPOSIT RATIOS

May 22, 2003
Notes
 


TO: CHIEF EXECUTIVE OFFICER (also of interest to Compliance Officer)
SUBJECT: 2003 Host State Loan-to-Deposit Ratios
Summary: The federal banking agencies have issued the host state loan-to-deposit ratios for 2003.

Section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 (Riegle-Neal Act) prohibits any bank from establishing or acquiring a branch outside of its home state primarily for the purpose of deposit production. Pursuant to the Gramm-Leach-Bliley Act of 1999, this prohibition applies to any bank branch controlled by an out-of-state bank holding company. As part of the test for compliance with Section 109, a bank's statewide loan-to-deposit ratio is compared to the appropriate host state's loan-to-deposit ratio.

The Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, and the Office of the Comptroller of the Currency have issued the 2003 host state loan-to-deposit ratios that the agencies will use to determine compliance with Section 109. Attached is the joint press release dated May 22, 2003, that announces the host state loan-to-deposit ratios for 2003.

For more information, please contact Louise Kotoshirodo Kramer, Policy Analyst in the FDIC's Division of Supervision and Consumer Protection, at (202) 898-6615.

This Financial Institution Letter (FIL) supersedes FIL-70-2002, dated June 24, 2002. FDIC Financial Institution Letters may be accessed from the FDIC's Web site at http://www.fdic.gov/news/financial-institution-letters/2003/index.html.


Michael J. Zamorski
Director

Attachment: Banking Agencies Issue Host State Loan-to-Deposit Ratios

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342, option 5, or (703) 562-2200).

Last Updated 8/26/2004 communications@fdic.gov

FIL-41-2003

Last Updated: May 22, 2003