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Highlights:
- Under established guidelines, the FDIC routinely contacts MDIs to offer return visits and technical assistance following examinations or visits to assist management in understanding and implementing examination recommendations.
- The FDIC has expanded these guidelines by clarifying the types of technical assistance that may be available to MDIs, and emphasizing that MDIs may initiate the contact with the FDIC for technical assistance at any time.
- The focus of the technical assistance is to provide MDIs with recommendations or feedback for improving operations, not to identify new problems or issues.
- The offer of technical assistance is targeted to insured minority depository institutions in which 51 percent or more of the voting stock is owned by minority individuals (Black American, Asian American, Hispanic American or Native American), or the majority of the board of directors are minority individuals and the community served by the institution is predominantly minority-based.
Distribution:
FDIC-Supervised Minority Depository Institutions
(Commercial and Savings)
Suggested Routing:
Board of Directors
Chief Executive Officer
Compliance Officer
Related Topics:
FIL-34-2002, "FDIC Adopts Final Policy Statement
on Minority Depository Institutions"
Attachment:
Guidance for Providing Technical Assistance to
Minority Depository Institutions
Contact:
Deputy Regional Director and National MDI
Coordinator M. Anthony Lowe (972-761-2030) or
Review Examiner Larissa Collado (202-898-8509)
Printable Format:
FIL-66-2008 - PDF (PDF Help)
Note:
FDIC financial institution letters (FILs) may be
accessed from the FDIC's Web site at
www.fdic.gov/news/news/financial/2008/index.html.
To receive FILs electronically, please visit
http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters
may be obtained via the FDIC's Public Information
Center (1-877-275-3342 or 703-562-2200).
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