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Financial Services Law Insights and Observations

FDIC details temporary alternative procedures for supervision-related communications

Federal Issues FDIC Bank Supervision Covid-19

Federal Issues

On March 26, the FDIC released a letter detailing temporary alternative procedures for sending supervision-related mail and email to the FDIC. The letter applies to all FDIC-supervised institutions with total assets under $1 billion. The letter provides that the FDIC will use its Secure Email portal to send outgoing official supervisory correspondence, and encourages third parties (including for official business purposes related to supervisory matters) to send mail through the FDIC's Secure Email portal or Enterprise File Exchange within FDICconnect.

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