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An organization or a person is not required to respond to a collection of information unless it displays a currently valid OMB control number. GENERAL INFORMATION AND INSTRUCTIONS Who Must File This Notice is used as required by Section 32 of the Federal Deposit Insurance Act Act 12 U*S*C. 1831i by a depository institution or its holding company to notify the appropriate regulatory agency of a proposed change in the board of directors or senior executive officer of such institution or holding c ...

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What is Section 32 of the Federal Deposit Insurance Act?

SEC. 32. AGENCY DISAPPROVAL OF DIRECTORS AND SENIOR EXECUTIVE OFFICERS OF INSURED DEPOSITORY INSTITUTIONS OR DEPOSITORY INSTITUTION HOLDING COMPANIES. (2) the agency determines, in connection with the review by the agency of the plan required under section 38 or otherwise, that such prior notice is appropriate.

What is the purpose of the Federal Deposit Insurance Act?

Establishes and sets the powers, responsibilities, and administration of the Federal Deposit Insurance Corporation (FDIC). Establishes the Deposit Insurance Fund. Sets the rules for banks to be insured by the FDIC. Sets safety and soundness standards for all insured banks.

How do I get my money from FDIC?

When there is no open bank acquirer for the deposits, the FDIC will pay the depositor directly by check up to the insured balance in each account. Such payments usually begin within a few days after the bank closing.

What is Section 32 of the FDI Act?

What is Section 33 of the Federal Deposit Insurance Act?

33. DEPOSITORY INSTITUTION EMPLOYEE PROTECTION REMEDY. (B) gross mismanagement, a gross waste of funds, an abuse of authority, or a substantial and specific danger to public health or safety; by the depository institution or any director, officer, or employee of the institution.