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Summary:

The �౦��Ϸ���� is re-publishing its timeframe guidelines for processing applications, notices, requests, and other filings (collectively, "filings") submitted on behalf of existing and proposed institutions and other parties.

Statement of Applicability to Institutions with Less Than $1 Billion in Total Assets: This Financial Institution Letter applies to all existing and proposed insured depository institutions.

Highlights:

• The �౦��Ϸ���� established timeframe guidelines for processing filings submitted on behalf of institutions and other parties.
  • The �౦��Ϸ����'s goal is to act promptly on each filing, while allowing appropriate time for review and evaluation.
  • Publishing the timeframe guidelines supports the �౦��Ϸ����'s goal to have transparency with respect to the way that it processes filings.
• A list of filing types and the processing timeframe guidelines are posted to the �౦��Ϸ����'s website at: www.fdic.gov/regulations/applications/.
  • The timeframe guidelines apply to filings processed by Regional Offices under delegated authority. Decisions on nearly 95 percent of all filings submitted to the �౦��Ϸ���� are made at the Regional Offices.
  • These timeframe guidelines do not apply to filings that:
    • Raise legal or policy issues;
    • Establish or change �౦��Ϸ���� policy;
    • Could attract unusual attention or publicity; or
    • Involve an issue of first impression
  • Filings that have been subject to a protest under the Community Reinvestment Act or involve a site with historic or environmental significance also may require additional processing time.
• Please contact the appropriate �౦��Ϸ���� Regional Office for additional information. Contact information can be found at: www.fdic.gov/about/contact/directory/.
  • The �౦��Ϸ���� is rescinding FIL-26-96, entitled Application Processing Time Lines .