Abstract

The primary goal of a bank intervention is to control and inventory the assets of the bank, prepare closeout financial statements (balance sheet and income statement), and, as applicable, compensate insured depositors.2 The supervisory authority and the deposit insurance agency (DIA) must work closely to accomplish these goals. Supervisory authority personnel are responsible for the inventory and control of assets, whereas the DIA is responsible for making repayment to insured depositors.3 A bank intervention team should be prepared to accomplish functional duties related to security, cash operations, asset control, deposit operations, facilities, information technology, and legal matters. Depending on the size of the bank, some of these functions may be combined. Depending on the number of branches, branch teams must be prepared to perform the same functions at each branch.

Resolution Practices and Procedures