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ACADEMIC Contracts a prospective FDIC student, I acknowledge the following guidelines and requirements of the program:1. Successfully complete the one credit course, FDIC 396P, and submit a proposal
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As a prospective BDIC stands for Annual Survey of Banking Offices of Foreign Entities and refers to an annual filing required by the Federal Reserve.
Foreign banking organizations that have a U.S. presence are required to file as a prospective BDIC.
The form for the BDIC can be accessed online through the Federal Reserve's website and must be completed with accurate information regarding the foreign entity's U.S. banking offices.
The purpose of the BDIC is to provide the Federal Reserve with data on the operations and activities of foreign banking organizations in the U.S. in order to assess potential risks to the financial system.
Information such as the foreign entity's organizational structure, financial information, and details about their U.S. banking offices must be reported on the BDIC form.
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