Figure Title: Figure 2: The BD Waiver Application Review Process
Description of Figure 2: The BD Waiver Application Review Process - flow chart.
Figure 2 illustrates the key aspects of the BD waiver application review process.
Bank submits waiver request to the Regional Office.
Next Step - Regional Office (RO) Review. Case managers perform review and analysis of the application.
As part of the review process:
RO Completes SOI [ A Summary of Investigation (SOI) and DSC’s ViSION AT are discussed in detail later in this report. ]
RO Maintains ViSION AT [ A Summary of Investigation (SOI) and DSC’s ViSION AT are discussed in detail later in this report.]
RO Consults with federal and state banking agencies
Next Step - Washington Office (WO) Review. WO reviews information provided by the RO and provides input for approval.
Next Step - Approval Letter sent. RO sends Brokered Deposit waiver approval letter to the bank and other federal regulator (if applicable)
Next Step - Monitoring Process. The FDIC monitors:
Risk Management examinations and visitations
Call Reports
ROMIG reports (Regional Office Management Information Groups (ROMIG) are in each region and aid in the identification
and management of risk through the development, implementation, and maintenance of monitoring systems and
the preparation of special studies, analyses, and reports for regional management.) and