Banking Alert: FDIC to Offer Alternate Measurement Date for Determining Compliance Requirements for FDICIA Part 363 Annual Reporting
On October 20, 2020, the FDIC issued an interim final rule (IFR) which provides insured depository institutions (IDIs) with the option of using an alternate measurement date for purposes of determining annual reporting requirements under Part 363 of FDICIA regulations. We recently published an alert about the new interim final rule.