On November 19, 2014, the Federal Deposit Insurance Corporation (“FDIC”) issued a Financial Institution Letter (“FIL”) applicable to all state banks outlining documentation and filing procedures for state banks engaging, directly or indirectly, in investments and activities permissible for national banks.

The FDIC FIL is available at:

https://www.fdic.gov/news/news/financial/2014/fil14054.pdf.