ARTICLE
15 December 2014

Federal Deposit Insurance Corporation Issues Filing And Document Procedures For State Banks

SS
Shearman & Sterling LLP

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On November 19, 2014, the Federal Deposit Insurance Corporation ("FDIC") issued a Financial Institution Letter ("FIL") applicable to all state banks outlining documentation and filing procedures for state banks engaging, directly or indirectly, in investments and activities permissible for national banks.
United States Finance and Banking

On November 19, 2014, the Federal Deposit Insurance Corporation ("FDIC") issued a Financial Institution Letter ("FIL") applicable to all state banks outlining documentation and filing procedures for state banks engaging, directly or indirectly, in investments and activities permissible for national banks.

The FDIC FIL is available at:

https://www.fdic.gov/news/news/financial/2014/fil14054.pdf.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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