Submitting Examination Data
Institutions will be Able to Securely Exchange Electronic Examination Information with their State Banking Regulator Using FDICconnect
Starting July 9, 2007, the FDIC will provide participating state bank regulators with access to the FDICconnect Examination File Exchange system. This change allows for the secure electronic transmission of examination information between insured financial institutions, the FDIC and/or state banking regulators.
The FDIC currently requests information that is reviewed prior to the on-site portion of the examination. With the expansion of FDICconnect, institutions and other affiliated parties, such as data servicers, will be able to quickly and securely exchange files with the FDIC and/or their participating state banking regulator. In addition, use of the system could relieve examination burden on institutions by allowing FDIC staff to complete a significant portion of the examination process offsite. The FDIC encourages all insured institutions to take advantage of this system when contacted by the FDIC and/or a state banking regulator for information before or during an examination.
The FDIC provides technical and instructional support for bankers using FDICconnect. You may contact the FDICconnect Help Desk by calling toll-free 1-877-275-3342 (select options 1 for English, 1 for financial institutions, and 5 for the Help Desk) or sending an e-mail to FDICconnect@fdic.gov.
The expansion of FDICconnect demonstrates the FDIC's commitment to:
Comply with the Government Paperwork Elimination Act of 1998 (GPEA);
Address President Bush's Management Agenda, which directs government agencies to establish electronic alternatives to current paper processes where feasible;
Provide increased customer service to FDIC-insured institutions by improving existing business processes to enable more efficient and effective communication; and
Reduce examination burden on its institutions.
For more information, please contact Gina Luckenbill, Information Management Analyst, Division of Supervision and Consumer Protection, at 202-898-3848 (e-mail GLuckenbill@fdic.gov).
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Sandra L. Thompson Director Division of Supervision and Consumer Protection |
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