| Webster's Online Dictionary |
| Expressions | Domain | Definition | |
| Federal Financial Institutions Examination Council | Finance | An organization established by Congress in 1987 to coordinate and unify regulations, standards and report forms among the five member federal agencies that regulate savings institutions, commercial banks and credit unions: Office of Thrift Supervision, Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and National Credit Union Administration. The work of the council is carried out by five task forces, made up of representatives of each agency, dealing with: education and training, supervision, reports, consumer compliance, and surveillance. Also known as the Exam Council. (FFIEC). (references) | |
| Federal Financial Institutions Examination Council (FFIEC) | Banking | An interagency group of federal banking regulator formed in 1979 to maintain uniform standards for the federal examination and supervision of federally insured depository institutions, bank holding companies, and savings and loan holding companies. Its members are OCC, the chairman of the FDIC, a member of Board of Governors of the Federal Reserve System, the chairman of the National Credit Union. The council also produces the Uniform Bank Performance Report. See also Comptroller of the Currency, Board of Governors, Federal Deposit Insurance Corporation, Federal Home Loan Bank Board, National Credit Union, Uniform Bank Performance Report. (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
