FDIC Releases and Seeks Comment on Manual for Processing Deposit Insurance Applications — 2017-07-10

The Federal Deposit Insurance Corporation (FDIC) today announced it is releasing and seeking public comment on a procedures manual developed to assist FDIC staff as they evaluate and process deposit insurance applications. The manual addresses each stage of the insurance application process: from pre-filing activities to application acceptance, review, and processing; pre-opening activities; and post-opening considerations. “The manual reflects the FDIC’s ongoing commitment to provide clear and comprehensive guidance about the deposit insurance application process,” said FDIC Chairman Martin J. Gruenberg. “Issuing the manual publicly will provide transparency and benefit applicants and other interested parties by further clarifying the path to establishing a de novo institution.