As the end of the year inches closer, federal agencies continue to publish in-depth analysis of their activities and data collected over the past 12 months. Learn about one banking regulator’s budgetary plans for 2025 and what information federal regulators had to share about small business lending, among other insights, in this regulatory roundup:
FDIC approves 2025 operating budget
The Federal Deposit Insurance Corp. (FDIC) approved a $3 billion 2025 Operating Budget, representing a 2.2 increase from the previous year’s budget. The agency’s ongoing operating budget is set to increase by $161.4 million (6.3 percent) next year while the budget’s receivership funding component will be reduced by $100 million (28.6 percent). The approved budget is intended to ensure that the FDIC continues to have the capacity to address bank supervisory concerns, resolve failing banks regardless of size, protect and educate depositors, and continue its multiyear Information Technology Modernization program. Read the full budget report here.
Federal regulators release small business lending data
The federal bank regulatory agencies comprising the Federal Financial Institutions Examination Council (FFIEC) released data on lending activity involving small businesses, small farms, and community development initiatives recorded in 2023. The Community Reinvestment Act regulations require the agencies to annually disclose these data. The FFIEC also prepared aggregate disclosure statements of small business and small farm lending for all metropolitan statistical areas and non-metropolitan counties in the U.S. and its territories. To access data tables and a fact sheet presenting this information, visit this link.
FHFA releases update on GSE non-performing loan sales
The Federal Housing Finance Agency (FHFA) released a report on non-performing loans (NPLs) sold by Fannie Mae and Freddie Mac through the first half of 2024. The Enterprise Non-Performing Loan Sales Report also included information about how NPL sales through Dec. 31, 2023, led to better outcomes for borrowers. Since the program’s inception in 2014, the government-sponsored enterprises (GSEs) have sold $31.4 billion in NPLs through June 30. The loans included in the NPL sales metrics had an average delinquency of 2.8 years and an average current mark-to-market loan-to-value (LTV) ratio of 82 percent, according to the report, which can be accessed here.
SEC updates certain forms, filing materials
The Securities and Exchange Commission (SEC) adopted rule amendments pertaining to the electronic filing, submission, or posting of certain forms, filings, and other submissions. These protocols apply to national securities exchanges, national securities associations, clearing agencies, broker-dealers, security-based swap dealers, and major security-based swap participants make with the SEC. The amendments are set to take effect 60 days after publication in the Federal Register. Find more details here.