Risk Management Manual of Examination Policies - FDIC

REPORT OF INVESTIGATION INSTRUCTIONS Section 18.1
I. Opening Remarks
ANYWHERE BANK (PROPOSED)
MEETING WITH PROPONENTS
MAY 15, 2002
AGENDA
A. Acquaint Directors With Their Responsibilities and Liabilities
B. Apprise Organizers of Regulatory Involvement and Concerns
II. Directors Responsibilities
A. Sound, Independent Business Judgment
a. Candid, Open Discussion of Bank Business
b. Documentation of Decisions and Expression of Dissent Within the Board
Minutes
c. Confidentiality and Integrity
B. Informed of All Facets of Bank, Operations, Regulatory Environment, Competitive
Environment
a. Management, Reports, UBPRs
b. Report of Examination and Visitation
c. Internal and External Audit Reports
d. Trade Publications, Seminars, Meetings
C. Direct the Bank in a Prudent Manner
a. Establish goals, policies and strategies
b. Hire Suitable Management to Implement Goals
c. Monitor Management's Compliance with Board Directives
d. Discipline or Dismiss Management as Necessary
D. Build Business for the Bank
E. Ethical Conduct and Policy
a. Regulation O
b. Represent the Bank in Your Community
III. Director Liability
A. Can be Personally Liable for Losses Arising From
a. Legal lending Limit Violations
b. Insider Transactions
c. Bank Failures
B. Civil Money Penalties
C. Civil Suites (Shareholders) for Breaches of
Report of Investigation Instructions (12-04) 18.1-18 DSC Risk Management Manual of Examination Policies
Federal Deposit Insurance Corporation