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Friday, November 9, 2012

FDIC to Begin Using New Pre-Exam Tool

FDIC examiners soon will begin using a new tool that will enable them to tailor their requests for pre-exam information to the characteristics of the banks being examined, the agency said yesterday at a meeting of its Advisory Committee on Community Banking.

The tool, called the Electronic Pre-exam Package, uses filters designed to ensure that examiners no longer ask banks for irrelevant data, officials said. The FDIC staff also updated committee members -- including ABA Chairman Matt Williams -- on the agency’s community banking initiatives.

The update included a summary of feedback the FDIC received at this year’s six regional community banker roundtables, and details about the agency’s research on the evolution of community banks since 1984.

Some of the community bank themes repeated at the regional roundtables were concerns about lower earnings potential; the difficulty attracting investors; the scarcity of high-quality loans; rapidly changing technology needs; and the uncertainty surrounding possible expiration of the Transaction Account Guaranty program.

The FDIC said it plans to release its community bank research report in December. The study will attempt to develop a new community bank definition based on attributes other than size, including lending, core deposits concentration and geographic reach.

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