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Financial Institution Letter |
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Request for Information on the Federal Deposit Insurance Corporation’s Supervisory Approach to Examinations
During the Pandemic |
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Summary:
The Federal Deposit Insurance Corporation (FDIC) is seeking information and comments, from financial institutions for which the FDIC is the primary Federal regulator, regarding the FDIC’s supervisory approach to examinations during the pandemic. On March 13, 2020, by Proclamation 9994, the President of the United States declared a National Emergency concerning the Coronavirus Disease 2019 (COVID-19) pandemic. The next day, the FDIC Chairman issued a mandatory telework order for all employees, consistent with the FDIC’s Continuity of Operations Plan and its continued balancing of risks and mitigations under the FDIC Pandemic Influenza Plan. This telework order provided, among other things, that unless otherwise directed, all examination activity of FDIC-supervised institutions to be conducted off-site.
Statement of Applicability:
This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions.
Distribution:
FDIC-Supervised Institutions
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