Federal Financial Institutions Examination Council

Federal financial institutions examination council is the interagency body that regulates the federal examination of financial institutions. The council prescribes uniform principles, sets standards and also reports forms for the federal examination. The council is governed by Board of Governors of the Federal Reserve System (FRB), the National Credit Union Administration (NCUA), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) and the Office of the Comptroller of the Currency (OCC). The council also promotes uniformity in supervising the financial institutions.

The federal financial institutions examination council was established in March 10, 1979. The State Liaison Committee (SLC) had been added to the council as a voting member in 2006. The SLC includes representatives from the American Council of State Savings Supervisors (ACSSS), Conference of State Bank Supervisors (CSBS) and National Association of State Credit Union Supervisors (NASCUS). The council provides information on the education of the examiners. The council also takes enforcement actions and orders against the institutions or their affiliated parties.

The council maintains an official website and offers a number of information online. It gives online consumer information that includes information on geo-coding and mapping systems, census report system, HMDA data reports, PMIC data reports, CRA data reports and interagency CRA ratings. It also provides comprehensive information on the banks and other financial institutions. The online financial institution information available from here are – uniform bank performance reports, list of banks in peer group, peer group distribution report, peer group report, state average distribution report and bank holding company performance report.

The consumer compliances offered by federal financial institutions examination council are-

• HMDA
• CRA
• Geocoding/Mapping System
• Rate Spread Calculator
• Check 21 InfoBase
• Census Reports

The reports generated by federal financial institutions examination council are-

• Reporting Forms
• Proposed Reg FFIEC 101
• Proposed Reg FFIEC 102
• On-line Info Systems
• FFIEC Reports
• Central Data Repository