FDIC Chairman Sheila C. Bair, today issued the following statement about IndyMac Federal Bank, FSB, the conservatorship created by the FDIC to continue to provide banking services in communities served by the former IndyMac Bank, F.S.B.
IndyMac Bank, F.S.B., Pasadena, CA, was closed on Friday, July 11 by the Office of Thrift Supervision. The Federal Deposit Insurance Corporation (FDIC) was named conservator. The FDIC will transfer insured deposits and substantially all the assets of IndyMac Bank, F.S.B., Pasadena, CA, to IndyMac Federal Bank, FSB.
On July 11, 2008, IndyMac Bank, F.S.B., Pasadena, CA was closed by the Office of Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation (FDIC) was named Conservator. All non-brokered insured deposit accounts have been transferred to IndyMac Federal Bank, F.S.B. (IndyMac Federal Bank), Pasadena, CA...
The Office of Thrift Supervision (OTS) today closed the $32 billion IndyMac Bank, headquartered in Pasadena, California, and transferred operations to the Federal Deposit Insurance Corporation (FDIC).
A successor institution, IndyMac Federal Bank, FSB, will open for business on Monday and be run by the FDIC....
The federal banking and thrift agencies today issued an interagency statement outlining the qualification process for banking organizations implementing the new advanced capital adequacy framework known as Basel II. The process consists of three major stages: adoption of an implementation plan; completion of a...
The Financial Crimes Enforcement Network (FinCEN) has issued the attached guidance to financial institutions on filing Suspicious Activity Reports (SAR) regarding the proceeds of foreign corruption.
Highlights:
In order to assist law enforcement in its efforts to target foreign corruption and related money...
The Federal Reserve Board on Thursday proposed a rule for public comment that would implement certain of the less-complex approaches for calculating risk-based capital requirements that are included in the international Basel II capital accord.
The proposal, known as the standardized framework, would be available...
On June 18, 2008, the Department of the Treasury's Office of Foreign Assets Control (OFAC) added six entries to and removed one individual from its Specially Designated Nationals and Blocked Persons (SDN) list, under the Specially Designated Global Terrorist (SDGT) category.
The Board of Directors of the Federal Deposit Insurance Corporation
(FDIC) today approved an interagency proposal that would provide banks
with the option to adopt an alternative risk-based capital framework
based largely upon the Standardized Approach set forth in the Basel II
Framework.
The Standardized...
Agreement Formalizes Cross-Border Cooperation, Consultation and Information Exchange
FDIC Chairman Sheila C. Bair and Sir Callum McCarthy, Chairman of the United Kingdom Financial Services Authority (FSA), today signed a memorandum of understanding (MOU) that will provide formal information-sharing and contingency...
The Federal Deposit Insurance Corporation (FDIC) has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Nebraska affected by recent severe storms, tornadoes and flooding. This FIL updates FIL-49-2008, dated June 17, 2008.
Highlights:...
The Federal Deposit Insurance Corporation (FDIC) has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Iowa affected by recent severe storms, tornadoes and flooding. This FIL updates FIL- 49-2008, dated June 17, 2008....
The Financial Crimes Enforcement Network (FinCEN) has issued the tenth edition of The SAR Activity Review By the Numbers. The report compiles numerical data gathered from Suspicious Activity Reports (SARs) filed primarily by depository institutions. SAR data are also compiled for certain segments of the following...
GAO was asked to (1) describe laws and guidance that set requirements for senior privacy officials within federal agencies, and (2) describe the organizational structures used by agencies to address privacy requirements and assess whether senior officials have oversight over key functions. To achieve these objectives,...
Concerns have been raised about the privacy and security of personal information in light of advances in information technology and the increasingly sophisticated ways in which the government obtains and uses information. Federal agencies' use of personal information is governed by the Privacy Act of 1974 and the...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.eu, you agree to our use of cookies.