FDICIA

(redirected from Federal Deposit Insurance Corporation Improvement Act of 1991)
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AcronymDefinition
FDICIAFederal Deposit Insurance Corporation Improvement Act of 1991
References in periodicals archive ?
By including the period following 1991, the potential impact of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) on S&L profitability can be allowed.
State banks are already prohibited by the Federal Deposit Insurance Corporation Improvement Act of 1991 from commencing insurance underwriting activities or making equity investments.
He said external auditors also play an important role because they assess internal control procedures, such as compliance with the Federal Deposit Insurance Corporation Improvement Act of 1991.
Thus, the agencies took great care to avoid unnecessary costs when we implemented safety and soundness standards pursuant to section 132 of the Federal Deposit Insurance Corporation Improvement Act of 1991.
The COSO report is being used by virtually all of the largest banks reporting under the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) as the criteria for determining internal control effectiveness.
In response to those failures, regulatory changes mandated by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 and the Federal Deposit Insurance Corporation Improvement Act of 1991 have been implemented, and supervisory and examination policies have undergone important changes designed to return federally insured depository institutions to safe and sound conditions.
This year, new audit committee requirements for banks and savings institutions, mandated by the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), went into effect that are likely to increase the personal and professional exposure of committee members subject to the act.
918 would amend the Federal Deposit Insurance Corporation Improvement Act of 1991 to require insured depository institutions to submit annually information on small business and small farm lending in Call Reports provided to the federal banking agencies.
The proposed guidance is of particular significance to insured depository institution auditors who perform agreed-upon procedures to test the entity's compliance with specified safety and soundness laws, as required by the Federal Deposit Insurance Corporation Improvement Act of 1991.
The legislation, the Federal Deposit Insurance Corporation Improvement Act of 1991, contained provisions intended to discourage Federal Reserve lending to depositories that do not meet minimum capital standards.
The last two points are particularly important to insured depository institutions subject to the Federal Deposit Insurance Corporation Improvement Act of 1991.
Throughout this process, the risk-based capital standard, reinforced by the prompt corrective action provisions required by the Congress in the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), served to guide managerial and supervisory actions and highlighted the benefits of being well capitalized.
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