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Samples in periodicals archive:
US regulators have closed Arizona's Summit Bank (NASDAQ: SBKO) and named Federal Deposit Insurance Corporation as the receiver.
The Federal Reserve Board and the Federal Deposit Insurance Corporation announced on February 25, 2005, the execution of a joint written agreement by and among the Federal Reserve Bank of New York and the Federal Deposit Insurance Corporation with David Bodner and Murray Huberfeld.
For example, under the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), auditors are required to make workpapers available, upon request, to regulators for client banks with assets in excess of $500 million.
The results--reported by the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision--are based on analyses prepared in the second quarter of 2004 and reflect business and economic conditions at that time.
The Federal Deposit Insurance Corporation has revised its policy statement on independent external auditing programs for state-chartered banks that do not belong to the federal reserve system.
Meacham added that customers' deposits will continue to be insured up to $100,000 by the Federal Deposit Insurance Corporation.
The Bank's reports filed from time-to-time with the Federal Deposit Insurance Corporation , including the Bank's Form 10-KSB for the year ended December 31, 2005 and the Company's Prospectus, dated November 13, 2006, describe some of these factors, including general economic conditions, changes in interest rates, deposit flows, the cost of funds, changes in credit quality and interest rate risks associated with the Company's business and operations.
The proposed rule was issued by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.