Robert Strand

March 09, 2022

On March 3, economists from major banks across North America met to talk about how the Russia’s invasion of Ukraine will affect the U.S. economy. 

October 04, 2021

The American Bankers Association, Bank Policy Institute, and Mortgage Bankers Association (collectively, the Associations) appreciate this opportunity to comment on the proposal from the Federal Deposit Insurance Corporation (FDIC) to simplify certain deposit insurance regulations. The Associations and our members agree that the proposed amendments to 12 CFR 330.10, 13, and 7(d), for deposit accounts of revocable trusts, irrevocable trusts, and mortgage servicing, respectively, will help simplify these complex rules.

September 16, 2021

All covered institutions continue to encounter major challenges in obtaining complete information from deposit owners that fail to respond to inquiries in timely manner or at all. We raise two particular challenges and urge actions the FDIC can take to support compliance with the rule.

May 26, 2021

Today's FDIC report shows that banks of all sizes continue to serve as a source of strength for economic recovery from the COVID-19 recession.

April 16, 2021

ABA summary and guidance on the agencies' request for information on the extent to which the Model Risk Management Guidance supports compliance with BSA/AML requirements.

February 23, 2021

Today's latest FDIC snapshot on the state of the banking industry as of the fourth quarter of 2020 shows that banks continue to serve as a steadying force for their communities and the broader economy.

December 28, 2020

ABA guidance on titling of government accounts for FDIC insurance purposes.

December 01, 2020

Today's FDIC report shows that banks remain resilient and continue to provide strong support for their customers and communities in the face of ongoing challenges from the COVID-19 pandemic

August 25, 2020

The FDIC's latest Quarterly Banking Profile demonstrates the resiliency of America's banks as they continue to help their customers and communities weather the worst economic downtown since the Great Depression.

June 16, 2020

The latest FDIC quarterly bank earnings report shows that America's banks remain strong and well positioned to continue helping the nation weather the significant economic shock caused by the COVID-19 pandemic.

May 27, 2020

ABA and BPI comment on the FDIC's Proposed Rule to Facilitate Bank Participation in PPP, Money Market Facilities.

December 03, 2019

The FDIC Deposit Insurance Fund balance reached a record $121 billion in June 2021. Growth in the fund balance in the first half of 2021 reflected $3.5 billion in assessments paid by banks. No banks failed during this period.

November 04, 2019

ABA Response to FDIC's Notice of Proposed Rulemaking to Amend 12 CFR §327.11 and 12 CFR §327.33, RIN 3064–AF16.

September 30, 2019

ABA supports use of credits against FDIC assessments while the insurance fund reserve's ratio exceeds 1.35 percent and recommends expedited remittance of residual credits after four quarters.