The Federal Deposit Insurance Corporation (FDIC) Board of Directors has approved a notice of proposed rulemaking aimed at updating certain regulatory thresholds to account for historical inflation. The proposal includes adjustments to the thresholds under 12 CFR part 363, which pertain to annual independent audit and reporting requirements. Additionally, the proposal suggests future adjustments based on a proposed indexing methodology.

The FDIC uses various thresholds, such as total assets, to determine the applicability of regulatory requirements. This allows the organization to tailor these requirements based on an institution's size, risk profile, and complexity level. The proposed changes are intended to maintain a durable framework that preserves regulatory thresholds in real terms and avoids unintended policy consequences.

This proposal marks the first phase of a multi-phase effort by the FDIC to reevaluate its regulatory thresholds. The organization plans to seek public comments on further proposals that aim to adjust additional thresholds.

The public is invited to comment on the proposed rule within 60 days following its publication in the Federal Register.