Federal Financial Institutions Examination Council (FFIEC)

USC Title 12 - Ch 34 introduces the Federal Financial Institutions Examination Council (FFIEC), the purpose of which per § 3301. Declaration of purpose is to establish a Financial Institutions Examination Council which shall prescribe uniform principles and standards for the Federal examination of financial institutions by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the FederalReserve System, the Federal Home Loan Bank Board, and the National Credit Union Administration and make recommendations to promote uniformity in the supervision of these financial institutions. The Council’s actions shall be designed to promote consistency in such examination and to insure progressive and vigilant supervision.

We will expand this section on Banks and FFEIC Reports as time goes by. We are here for you on related project work.