We will expand this section on Banks and FFEIC Reports as time goes by. We are here for you on related project work.
Showing posts with label USC Title 12 - Banks and Banking. Show all posts
Showing posts with label USC Title 12 - Banks and Banking. Show all posts
Sunday, May 15, 2011
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.
Banks and Banking Financial Recordkeeping in Federal and State Statutes
Banks and Banking find their Place in USC Title 12 - Banks and Banking as CPAs our key role can be seen in Ch 21 Financial Recordkeeping. The Title is broad and mentions ownership records and procedures and it goes on to outline Civil and Criminal Penalties and key requirements like : § 1952. Reports on ownership and control and
§ 1953. Recordkeeping and procedures clearly key areas for involvement of Accountants in Banking. Bank Regulation occurs at both the Federal and State Levels so we will build this section out with extensions for some states in the near future. For now suffice to say that we have Commercial and Investment banking experience that stretches into Asset Liability Management to a degree and awareness of Bank Reserve Accounting and other key elements. We are here to assist you on CPA Services for Banks in NY, CT and other states as able to do so based on reciprocity or as Consultants. Call on http://www.dcarsoncpa.com/ your source for CPA Services and Regulatory Accounting and other specialized Business Consulting needs.
§ 1953. Recordkeeping and procedures clearly key areas for involvement of Accountants in Banking. Bank Regulation occurs at both the Federal and State Levels so we will build this section out with extensions for some states in the near future. For now suffice to say that we have Commercial and Investment banking experience that stretches into Asset Liability Management to a degree and awareness of Bank Reserve Accounting and other key elements. We are here to assist you on CPA Services for Banks in NY, CT and other states as able to do so based on reciprocity or as Consultants. Call on http://www.dcarsoncpa.com/ your source for CPA Services and Regulatory Accounting and other specialized Business Consulting needs.
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