On November 20, 2014, the FDIC issued a FIL laying out guidance in the form of questions and answers for new banks preparing applications for deposit insurance. The guidance is applicable to institutions with $1 billion or less in consolidated assets and covers topics including, among other things, processing timelines, pre- filing meetings and initial capitalization.

The FDIC FIL is available at:

https://www.fdic.gov/news/news/financial/2014/fil14056a.pdf.