Q:  When are institutions expected to have reviewed and responded to the Guidance?

A:  As stated in the Guidance, the FDIC expects that institutions will have approved, responsive compliance and risk management action plans, policies and procedures by July 1, 2011.

This can be found in FAQ IV-5 of the FDIC’s Overdraft Payment Program Supervisory Guidance FAQs.  The FAQs can be found at: http://www.fdic.gov/news/conferences/overdraft/FAQ.html