The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a meeting of the Advisory Committee on Community Banking on Wednesday, July 11. FDIC senior staff will brief Committee members on recent legislation, as well as other regulatory burden reduction initiatives. In addition, staff will discuss various supervisory policy issues and provide information on community bank research. The FDIC Ombudsman also will provide an update to the Committee.
Established in May 2009, the Advisory Committee on Community Banking provides input to the FDIC on a wide variety of topics, including current examination policies and procedures, credit and lending practices, deposit insurance assessments, insurance coverage, and regulatory compliance.
The meeting is open to the public and will be held from 9 a.m. to 3:30 p.m. EDT in the FDIC's main building located at 550 17 th Street, N.W., Washington, D.C. The meeting also will be webcast live.
The agenda for the meeting and a link to the webcast are available at FDIC's Advisory Committee on Community Banking website .
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's banks and savings associations, 5,607 as of March 31, 2018. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars—insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov , by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html ) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200).