Federal Deposit Insurance Corporation (FDIC) officials will conduct an Advisory Committee on Community Banking meeting on March 28 to broach an array of topics.
The meeting is open to the public and will be held from 9 a.m. to 3:15 p.m. (ET) in the FDIC’s main building located at 550 17th Street, N.W., Washington, D.C. The session will also be webcast live.
The FDIC said senior staff would discuss efforts regarding de novo institutions, community bank technical assistance efforts, the 2017 FDIC National Survey of Unbanked and Underbanked Households and various supervisory policy issues.
The FDIC Ombudsman is expected to provide an update and representatives from the Financial Crimes Enforcement Network are scheduled to present a Committee briefing while the Committee will discuss local banking conditions.
The Advisory Committee on Community Banking, which was established in 2009, per officials, provides input to the FDIC on a range of issues that impact the nation’s community banks, including examination policies and procedures, credit and lending practices, deposit insurance assessments, insurance coverage, and regulatory compliance.
Congress created the FDIC in 1933 to restore public confidence in the nation’s banking system, adding the FDIC insures deposits at the nation’s 5,406 banks and savings associations as of Dec. 31, 2018.