General Disclaimer

Access to or use of the FDIC website constitutes consent to the following terms.

The FDIC has taken reasonable measures to ensure that the information and data presented on this website is accurate and current. However, the FDIC makes no express or implied warranty regarding such information or data, and hereby expressly disclaims all legal liability and responsibility to persons or entities who use or access this site and its content, based on their reliance on any information or data that is available through this website.

The information available on this website is not intended to constitute and should not be considered as legal advice, nor is it intended to substitute for obtaining legal advice from competent, independent, legal counsel in the relevant jurisdiction. Transmission and receipt of this information is not intended to create and does not constitute an attorney-client relationship. This website does not purport to authoritatively interpret current federal statutes, regulations, orders or other federal authority, nor does it bind the FDIC or any other federal agency or entity with regard to the matters presented.

The content of this website is not designed or intended to provide authoritative financial, accounting, investment, or other professional advice which may be reasonably relied on by its readers. If expert assistance in this area is required, the services of a qualified professional should be sought.

Reference to any specific commercial product, process, or service by trade name, trademark, manufacture, or otherwise does not constitute an endorsement, a recommendation, or a favoring by the FDIC or the United States government.

The FDIC website provides links to other websites for convenience and informational purposes only. Users should be aware that when they select a link on the FDIC’s website to an external website, they are leaving the FDIC’s site. Linked sites are not under the control of FDIC, and FDIC is not responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. The FDIC website may also integrate with third parties who will interact with you under their terms of service. One such third party is YouTube. When engaging with portions of FDIC’s website that leverage YouTube services you agree to be bound by the YouTube Terms of Service. FDIC is not responsible for any transmission received from a linked site. The inclusion of a link does not imply endorsement by FDIC of the site, its content, advertisers or sponsors. External sites may contain information that is copyrighted with restrictions on reuse. Permission to use copyrighted materials must be obtained from the original source and cannot be obtained from the FDIC.

This government computer system employs software security programs to monitor network traffic to identify unauthorized attempts to upload or change information, or otherwise cause damage. Such attempts are strictly prohibited and may be punishable under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act. Except for authorized law enforcement investigations, no other attempts are made to identify individual users or their usage habits.

This general disclaimer is in addition to, and not in lieu of, any other disclaimers found on pages, applications or programs within this site. In addition, the terms of this disclaimer extend to the FDIC, its directors, officers, and employees.

Information Quality

Federal Deposit Insurance Corporation Guidelines for Ensuring and Maximizing the Quality, Objectivity, Utility, and Integrity of Information Disseminated to the Public by the FDIC

Introduction

On September 28, 2001, the Office of Management and Budget (OMB) published guidelines in the Federal Register requiring federal agencies to develop procedures for reviewing and substantiating the quality of their information before it is disseminated to the public. OMB’s quality guidelines for dissemination of information to the public were issued under Section 515 of the Treasury and General Government Appropriations Act for Fiscal Year 2001 (Public Law 106-554) and were revised and reissued on February 22, 2002. The guidelines require that each agency create a mechanism by which affected persons may seek, and obtain where appropriate, correction of information disseminated by the agency that does not comply with the agency’s or OMB’s guidelines. Starting in January 2004, agencies are required to submit an annual report to OMB detailing the number, nature, and resolution of any requests for a Section 515 correction.

Background

The Federal Deposit Insurance Corporation (FDIC) provides information including economic and statistical reports, research and staff studies, educational brochures, booklets, and pamphlets to a broad spectrum of individuals and organizations including the public. The FDIC is committed to following the suggested OMB guidelines and agrees with the underlying principles that the guidelines apply to a wide variety of government information dissemination activities ranging in importance and scope; that the guidelines are generic enough to fit all media whether printed, electronic or other form; and that they have the flexibility for the FDIC to incorporate any special data quality requirements for specific types of publications. Clearly, the more significant the information, the higher the quality standards to which it should be held, e.g., influential scientific, financial or statistical information.

The FDIC takes pride in the quality, objectivity, utility, and integrity of the information that it disseminates to the public. Before any information or data are released, the FDIC utilizes an established set of quality procedures to ensure accuracy and value.

FDIC Information Quality Guidelines

The FDIC has created the following guidelines to promulgate its quality standards and formalize its correction mechanism. The FDIC will continue to disseminate information that meets the agency’s high standards as confirmed by stringent internal review and approval processes. The Corporation is committed to integrating the principle of information quality into every step of its development of information, including its creation, collection, maintenance and dissemination. The policies and procedures that the FDIC currently has in place ensure, to the best of the Corporation’s ability, that the quality of the information and data released to the public is accurate and appropriate and meets the FDIC’s internal definitions of objectivity, utility, and integrity in accordance with the OMB guidelines.

The FDIC uses proven practices and standard review methods for ensuring quality and its key constituents: objectivity, utility, and integrity. The FDIC recognizes the need to address these constituents in unique ways.

Objectivity refers to the accuracy, reliability, and unbiased nature of the information. The FDIC’s information products are presented in an unbiased, clear, complete and well-documented manner. The FDIC uses a variety of methods to achieve objectivity, utilizing both internal and external resources. It uses highly reliable review sources for corroboration and seeks public comment as appropriate. It also conducts specialized surveys and peer reviews using methodologies that are consistent with generally accepted industry standards for all aspects of survey design and implementation. The FDIC makes both original and supporting data and the source of the data available when appropriate. The Corporation’s methods are transparent unless it must protect proprietary or confidential information. Transparency is achieved by referencing sources, identifying statistical methods employed, and utilizing sound research and analytical techniques.

The FDIC has several specialized committees that conduct cross-divisional reviews to ensure information currency and work together to modify or change some of the Corporation’s major publications. Data provided to the FDIC for various outputs, including statistical releases and consumer education and guidance, are subjected to a variety of informational editing processes and levels of review.

Utility refers to the usefulness of information to its intended users. The FDIC seeks to ensure utility by regularly conducting structured reviews of key information output products to ensure they are current. The Corporation also continually seeks feedback from its target audiences to evaluate the utility of the products it disseminates. The FDIC strives to make its key information distributions available through its website in order to enhance the material’s availability to the public. FDIC subject matter experts are actively involved in the banking and regulatory industry to ensure timeliness and value in the presentation of the Corporation’s distributed products.

Integrity refers to the security of information from unauthorized access or revision to ensure that the information is not compromised through corruption or falsification. Secure information systems are essential to providing high-quality information to the public and to protect critical systems and information. The FDIC has instituted a comprehensive set of policies, procedures, guidelines and controls for security.

FDIC Complaint and Appeals Process

These guidelines permit persons to seek and, where warranted, obtain correction of non-compliant information or data disseminated by the FDIC.

If you believe that information disseminated by the FDIC does not comply with OMB or FDIC guidelines, you may seek correction of this information by submitting a «Section 515 Complaint» to the FDIC, in accordance with the procedure set forth in this section. These are known as Section 515 Complaints because the FDIC’s data quality guidelines are issued pursuant to Section 515 of Public Law 106-554. The existence of the Section 515 procedure does not preclude you from contacting the FDIC by other methods to inquire about information disseminations or requesting corrections.

On occasion, the FDIC may disseminate a study, analysis, or other information prior to taking final agency action or issuing an information product. In such cases, the FDIC will consider a Section 515 Complaint relating to the study, analysis or other information only where: (1) the FDIC determines that a response in advance of the final agency action or information product would not unduly delay issuance of the agency action or information product and; (2) you demonstrate a reasonable likelihood that you will suffer actual harm from the FDIC’s dissemination if the FDIC does not resolve your complaint prior to the final agency action or information product.

By submitting a Section 515 complaint, the FDIC will track your complaint separately from other informal inquiries and you will have an appeal right if you disagree with the FDIC’s initial response.

Correction Requests Received

The FDIC received no requests for information quality corrections during the 2021 fiscal year. Any such requests received in the future will be posted here.

Privacy Statement

The FDIC is authorized to collect the information you provide under Section 515 of the Treasury and General Government Appropriations Act for Fiscal Year 2001. It is needed to process complaints and appeals filed under these guidelines. The information you furnish is almost never used for any purpose other than to process and respond to your request. However, the FDIC may disclose information you provide (e.g., to a Congressional Office or to the Department of Justice) if authorized or required by Federal law, such as the Privacy Act.

FDIC Publishing Policy

The FDIC makes all non-sensitive agency information available to the public via its Internet website. Since all information is published as soon as it is available, there is no process for setting priorities. FDIC strives to make information available as soon as possible, recognizing the agency’s responsibility for ensuring the information is accurate and complete. Each cyclical publication displays its publication schedule on the opening page. Non-cyclical publications are updated on an «as needed» basis.