December 10, 2025
Mr. Loudermilk introduced the following bill; which was referred to the Committee on Financial Services
To require annual reports on national bank and Federal savings association charter applications, depository institution holding company applications, Federal deposit insurance applications, and State depository institution charter applications, and for other purposes.
Section 1. Short title
This Act may be cited as the New Bank Application Numbers Knowledge Act of 2025
or the New BANK Act of 2025
.
Sec. 2. Annual report on national bank and Federal savings association charter applications
The Comptroller of the Currency shall publish an annual report that includes—
(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savings association charter applications received, approved on a preliminary basis, approved on a final basis, denied, withdrawn, expired, mooted, or returned;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; and
(4)
common reasons leading to denial, withdrawal, or expiration of preliminary approval of such applications.
Sec. 3. Annual report on Federal credit union charter applications
The National Credit Union Administration Board shall publish an annual report that includes—
(1)
the number of Federal credit union charter applications received, proofs of concept established, approved on a final basis, denied, withdrawn, expired, mooted, or returned;
(2)
the mean and median times to establish proof of concept for such applications;
(3)
the mean and median times for final approval of such applications; and
(4)
common reasons leading to denial, withdrawal, or expiration of establishment of proof of concept of such applications.
Sec. 4. Annual report on depository institution holding company applications
The Board of Governors of the Federal Reserve System shall publish an annual report that includes—
(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the number of applications to become a top-tier depository institution holding company received, approved, denied, withdrawn, mooted, or returned;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; and
(3)
common reasons leading to denial or withdrawal of such applications.
Sec. 5. Annual report on Federal deposit insurance applications
The Federal Deposit Insurance Corporation shall publish an annual report that includes—
(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the number of applications for deposit insurance received, approved, denied, withdrawn, mooted, or returned;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; and
(3)
common reasons leading to denial or withdrawal of such applications.
Sec. 6. Annual report on State depository institution and State credit union charter applications
(a) In general
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—
(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; and
(3)
common reasons leading to denial or withdrawal of such applications.
(b) Definitions
In this section:
(1) State
The term State
means any State of the United States, the District of Columbia, and any territory of the United States.
(2) State bank
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.
(3) State depository institution
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).
(4) State savings association
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.