What US FDIC Improvement Act 1991 (FDICIA) - Prompt Corrective Action & Least-Cost Resolution requires
The FDIC Improvement Act of 1991 (Pub. L. 102-242) established Prompt Corrective Action (PCA) - a mandatory five-tier capital classification system for insured depository institutions with escalating regulatory restrictions as capital deteriorates: Well Capitalised, Adequately Capitalised, Undercapitalised, Significantly Undercapitalised, Critically Undercapitalised. FDICIA mandates the least-cost resolution principle (FDIC must use the resolution method that minimises the cost to the deposit insurance fund), annual independent audits for institutions >$500 million, requires safe and sound banking standards, and restricts brokered deposits for less-than-well-capitalised institutions.
Pillar: Banking & Global Finance · Authority: Federal Deposit Insurance Corporation (FDIC); Office of the Comptroller of the Currency (OCC); Federal Reserve Board; NCUA for credit unions · Version: 1.0.1 · Last updated:
Primary source: https://www.govinfo.gov/link/uscode/12/1831o
SHA-256 integrity: 5e139b95dd34641c1e9af54a5c36677505b5e04d7fec7f5f95bae77a365bb6b5
Primary Citations — 5 traced to source
- §1831o(b) (five capital categories - Well, Adequately, Under, Significantly Under, Critically Undercapitalised); §1831o(e) (mandatory restrictions - capital restoration plan, asset growth limit); §1831o(f) (significantly undercapitalised mandatory restrictions); §1831o(h) (critically undercapitalised - 90-day receivership) — 12 USC §1831o - Prompt Corrective Action (FDICIA §38)
- §337.6 (brokered deposit prohibition for less-than-well-capitalised); §337.6(a)(2)(i) (definition of deposit broker); §337.6(b) (primary purpose exception); interest rate cap at national rate + 75bps — 12 CFR Part 337 - FDIC Brokered Deposit Rule (amended 2021)
+ 3 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/us-fdic-improvement-act-fdicia-1991.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/us-fdic-improvement-act-fdicia-1991.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/us-fdic-improvement-act-fdicia-1991
- Back to registry: Browse all 10,099 compliance nodes