Interim Rule with Request for Comment FDIC Fdic Form

Instructions and help about Interim Rule With Request For Comment FDIC Fdic

Welcome to this video for directors that provides an overview of the FDIC and discusses our examination process. In this video, we’ll review the structure and the mission of the FDIC. We’ll also cover our examination process. As part of this discussion, we’ll cover Risk Management examinations specialty examinations including Bank Secrecy Act, Information Technology, and Trust and lastly, Consumer Compliance and Community Reinvestment Act, or CRA, examinations. First, let’s talk about the FDIC’s structure. The FDIC is overseen by a five-member Board of Directors headed by the designated Chair. Other members of the Board include a Vice Chair and an Internal Director. All of these members are nominated by the President and confirmed by the Senate. By statute, either the Chair, the Vice Chair, or the Internal Director must have state bank supervisory experience. The remaining Board members include the Comptroller of the Currency and the Director of the Consumer Financial Protec