Federal Financial Institutions Examination Council


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Federal Financial Institutions Examination Council

A federal interagency body (www.ffiec.gov) that establishes uniform standards and reporting requirements for the examination and auditing of financial institutions supervised by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.

References in periodicals archive ?
4 Federal Financial Institutions Examination Council, http://www.ffiec.gov/y2k; Federal Deposit Insurance Corporation, www.fdic.gov/about/y2k; Board of Governors of the Federal Reserve System, www.bog.frb.fed.us/y2k; Office of the Controller of the Currency, www.occ.treas.
* The Federal Financial Institutions Examination Council (FFIEC) in March issued the Retail Payment Systems Booklet, which contains revised guidance for examiners, financial institutions and technology service providers on risks associated with retail payment systems (www.ffiec.gov/ffiec infobase/html_pages/it_01.html).
To help stimulate future development of inner-city communities, the Federal Financial Institutions Examination Council (FFIEC) recently endorsed a National Bankers Association (NBA) proposal promoting joint ventures between majority and minority-owned financial institutions.
The Federal Financial Institutions Examination Council, in its guidance released in December 2013, cautioned financial institutions need to manage potential risks by ensuring risk management programs provide appropriate oversight and control.
Federal Financial Institutions Examination Council (FFIEC) said it has released a cybersecurity assessment tool to help its member institutions identify their risks and assess their cybersecurity preparedness.
In addition, the agencies will post a list of the current and historical asset-size thresholds on the website of the Federal Financial Institutions Examination Council.
The Federal Financial Institutions Examination Council, which includes the Federal Reserve (Fed), the Federal Deposit Insurance Corp.
These trends increasingly have put pressure on legacy desktop and client/server HMDA and CRA software, which impose ongoing hardware and personnel costs over time to keep pace with changing business and regulatory requirements from the Federal Financial Institutions Examination Council (FFIEC) and other regulatory agencies.
Arvest closed 2008 with $7.7 billion in total loans and leases, net of unearned income, up 12.7 percent from 2007, according to call reports filed with the Federal Financial Institutions Examination Council.
(Designated distressed or underserved rural areas are to be listed by the agencies on the Federal Financial Institutions Examination Council web site at www.FFIEC.gov/cra.)
Bankers are familiar with rules at the Federal Financial Institutions Examination Council and the Federal Deposit Insurance Corp.

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