Federal Deposit Insurance Corporation Improvement Act of 1991: Appendix A to Part 363-Guidelines and Interpretations (FDICP363.RTF)

Also known as FDICIA. FDICIA greatly increased the powers and authority of the FDIC. Major provisions recapitalized the Bank Insurance Fund and allowed the FDIC to strengthen the fund by borrowing from the Treasury.

The act mandated a least-cost resolution method and prompt resolution approach to problem and failing banks and ordered the creation of a risk-based deposit insurance assessment scheme. Brokered deposits and the solicitation of deposits were restricted, as were the non-bank activities of insured state banks. FDICIA created new supervisory and regulatory examination standards and put forth new capital requirements for banks. It also expanded prohibitions against insider activities and created new Truth in Savings provisions.

Compliance Review Questionnaire Knowledgebase (FDICP363A) has been formatted for use in VISUAL Assurance from Appendix A to Part 363-Guidelines and Interpretations contained in the FDIC's RULES AND REGULATIONS (effective July 2, 1993, except as otherwise noted).