FDIC Documentation Procedures for State Chartered Banks
Wednesday, December 3, 2014 at 11:29AM
Banking Spectrum

The FDIC issued a set of documentation procedures for state-chartered banks that engage in activities permissible for national banks. To do so, a state bank must maintain documentation in its own files that the OCC allows the activity for national banks and that the state bank is satisfying any restrictions the OCC has placed on that activity.

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