Federal Register #2026-07923

FDIC Updates Financial Information Management Records System (FDIC-012)

The Federal Deposit Insurance Corporation (FDIC) has announced an administrative update to its Financial Information Management Records system (FDIC-012): - No procurement of products or services is involved; this is a notice about recordkeeping practices - Updates include: - Revised authority, purpose, and categories of individuals and records covered - Expanded routine uses and recipients for certain disclosures - Clarified storage, retention, and disposal policies, including use of authorized cloud environments - The system supports FDIC's financial transactions, payroll, benefits, accounts payable/receivable, and receivership payment records - Individuals covered include FDIC employees, vendors, contractors, and others involved in FDIC financial activities - No OEMs or vendors are specified, as this is not a solicitation for goods or services

Description

The Federal Deposit Insurance Corporation (FDIC) is modifying an existing system of records titled FDIC-012, "Financial Information Management Records." The update modifies numerous sections including the Authority for Maintenance of the System, Purpose(s) of the System, Category of Individuals, Category of Records, Record Source Categories, Routine Uses, and Policies and Practices for Storage, Retention and Disposal of Records. The notice also includes non-substantive changes to simplify formatting, clarify text, and improve consistency across FDIC system of records notices. The system supports FDIC's corporate financial transactions and resolution-related activities, including payroll, benefits, accounts payable and receivable, and receivership payment records.

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