Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does the DIF monitor the condition of its member banks?

April 26, 2017Banks condition DIF monitor

0

Posted

How does the DIF monitor the condition of its member banks?

1 Answer

0

Posted

Both the FDIC and the DIF receive financial reports from their member banks on a quarterly basis. In addtion, formal examinations are conducted regularly by the FDIC and the Massachusetts Division of Banks. The DIF meets regularly with both these regulatory agencies to review and evaluate the condition of its member banks.