On Monday, September 10, 2018, the FDIC released a Financial Institution Letter (FIL-46-2018) seeking comment on a proposal to retire certain FILs to an inactive status. Specifically, the proposal is targeting 374 of the 664 risk management supervision-related FILs issued over nearly two decades that are considered to either be outdated or that convey regulations or other information that is still in effect but available elsewhere on the FDIC’s website.

FILs included in the list of those proposed to be retired include the following categories:

Accounting, Auditing, and Securities Disclosure
Applications, Notices, and Filings
Applied Technology
BSA/AML/Anti-Terrorist Financing
Call Reports
Capital Markets
Disaster Relief
Fraud
Information Technology
Large Bank Supervision
OFAC
Other Risk Management Supervision
Supervisory Insights Journal

Comments on the proposal will be accepted for 30 days, until October 10, 2018 and can be submitted to RiskManagementFILs@fdic.gov.

The FDIC announcement can be found here.
FIL-46-2018, which contains the list of 374 FILs being considered for retirement can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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