New BANK Act of 2025

This Act may be cited as the New Bank Application Numbers Knowledge Act of 2025 or the New BANK Act of 2025.

The Comptroller of the Currency shall publish an annual report that includes the following, or with respect to any equivalent procedure used by the Office of Comptroller of the Currency includes the following:

(1) The number of national bank and Federal savings association charter applications received, approved on a preliminary basis, approved on a final basis, denied, withdrawn, expired, mooted, or returned.

(2) The mean and median times for preliminary approval of such applications.

(3) The mean and median times for final approval of such applications.

(4) To the extent practicable, common reasons leading to the denial, withdrawal, or expiration of preliminary approval of such applications.

The National Credit Union Administration shall publish an annual report that includes the following, or with respect to any equivalent procedure used by the Administration includes the following:

(1) The number of Federal credit union charter applications received, approved on a final basis, denied, withdrawn, inactive, or returned pending resubmission.

(2) The mean and median times for final approval of such applications.

(3) To the extent practicable, common reasons leading to application denial, withdrawal, inactivity, or to applications being returned for resubmission.

The Board of Governors of the Federal Reserve System shall publish an annual report that includes the following, or with respect to any equivalent procedure used by the Board of Governors includes the following:

(1) The number of applications to become a top-tier depository institution holding company received, approved, denied, withdrawn, mooted, or returned.

(2) The mean and median times to approve such applications.

(3) To the extent practicable, common reasons leading to denial or withdrawal of such applications.

The Federal Deposit Insurance Corporation shall publish an annual report that includes the following, or with respect to any equivalent procedure used by the Corporation includes the following:

(1) The number of applications for deposit insurance received, approved, denied, withdrawn, mooted, or returned.

(2) The mean and median times to approve such applications.

(3) To the extent practicable, common reasons leading to denial or withdrawal of such applications.

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration Board shall, jointly, and in consultation with State banking regulators and State credit union regulators, publish an annual report that includes the following, or with respect to any equivalent procedure used by such agencies includes the following:

(1) The number of State depository institution charter applications received, approved, denied, withdrawn, or otherwise dispositioned by State banking regulators and State credit union regulators, with numbers for each State shown separately.

(2) The mean and median times to approve such applications, with times for each State shown separately.

(3) To the extent practicable, common reasons leading to denial or withdrawal of such applications.

In this section:

The term State means any State of the United States, the District of Columbia, and any territory of the United States.

The term State bank means any bank, banking association, trust company, savings bank, industrial bank, or other banking institution incorporated under the laws of any State.

The term State depository institution means—

(A) a State bank or a State savings association; and

(B) a State credit union, as defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752).

The term State savings association means—

(A) any building and loan association, savings and loan association, or homestead association incorporated under the laws of any State; and

(B) any cooperative bank incorporated under the laws of any State that is not a State bank.