About three out of four banks headquartered in Pennsylvania are chartered by the Pennsylvania Department of Banking and Securities. These entities include banks, bank and trust companies, and savings banks. Bank customer accounts are insured by the Federal Deposit Insurance Corporation
Secretary's Letter on Cybersecurity (PDF)
The Department continues to work collaboratively with federal regulators, other states financial regulators, and other Commonwealth agencies to address cybersecurity challenges.
Federal Government Principles on Responding to Cyber Incidents
A Presidential Policy Directive (PPD-41) released on July 26, 2016, sets forth principles governing the federal government’s response to any cyber incident, whether involving government or private sector entities. For significant cyber incidents, PPD-41 also establishes lead federal agencies and an architecture for coordinating the broader federal government response. Learn more: http://bit.ly/2aeAUtZ
The Federal Financial Institutions Examination Council (FFIEC) members have issued a revised Management booklet, which is part of the FFIEC Information Technology Examination Handbook (IT Handbook). The IT Handbook is available here.
2018 Annual Audit Reports Due
Read the Deputy Secretary's Letter on 2018 Annual Audit Report (PDF) for banks, bank & trust companies, and savings banks:
email to firstname.lastname@example.org.
Trust companies should email RA-BNTrustAudit@pa.gov
2019 Oaths and Rosters Due
The department has issued a Deputy Secretary’s letter regarding Accumulated Other Comprehensive Income (AOCI) op-out election on your institution’s March 31, 2015, Call Report. An institution that is not an advanced approaches institution must choose to either opt out or not opt out of the requirement to include most components of AOCI in common equity tier 1 capital. The election is irrevocable. Please review the Deputy Secretary’s letter (PDF) for important information.