Federal Register #FDIC004

FDIC System of Records Modification: Financial Institution Ownership Records

This notice announces the Federal Deposit Insurance Corporation (FDIC) is modifying its system of records related to financial institution ownership: - The FDIC is combining two systems: FDIC-004 (Changes in Financial Institution Control Ownership Records) and FDIC-008 (Chain Banking Organizations Identification Records) - FDIC-008 is being rescinded - The new, consolidated system is titled 'Financial Institution Ownership Records' - Purpose: To support the FDIC's regulatory and supervisory functions by tracking ownership stakes in FDIC-insured financial institutions and chain banking organizations - The notice seeks public comment on four proposed routine uses for the system - Additional clarifications include non-substantive formatting and textual updates for clarity and consistency - No products, services, OEMs, or vendors are being procured or mentioned, as this is a regulatory notice - Records are maintained at FDIC headquarters (550 17th Street NW, Washington, DC 20429) and other FDIC office locations, with possible storage in authorized cloud environments - The notice outlines the categories of individuals and records covered, routine uses, and procedures for access, contesting, and notification

Description

The Federal Deposit Insurance Corporation (FDIC) is modifying an existing system of records titled FDIC-004, combining it with FDIC-008 and rescinding FDIC-008. The updated system, now titled "Financial Institution Ownership Records," supports FDIC's regulatory and supervisory functions by tracking ownership stakes in FDIC-insured financial institutions and chain banking organizations. The notice seeks public comment on four proposed routine uses and includes formatting and textual clarifications. Comments are due by May 11, 2026.

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