Annual Report 2012 - ffiec

Members of the Council
The Council has six members, and
in 2012 it was comprised of
• a member of the FRB, appointed
by the Chairman of the Board;
• the Chairman of the FDIC;
• the Chairman of the NCUA;
• the Comptroller of the
Currency;
• the Director of the CFPB; and
• the Chairman of the SLC.
Six staff task forces effectively
administer the full spectrum of
projects in the Council’s functional
areas, including but not limited to
researching future enhancements
for reporting, examiner training
products, and examiner guidance.
The task forces are each comprised
of six senior officials, drawn from
the five federal member agencies,
and a representative of the SLC.
Each is tasked with one of the following
subject matters:
• Consumer Compliance
• Examiner Education
2
• Information Sharing
• Reports
• Supervision
• Surveillance Systems
The Council has a Legal Advisory
Group (LAG), composed of the
general or chief counsel of each
member entity, to provide support
to the Council and staff in
the substantive areas of concern.
The task forces and the LAG provide
research and develop analytical
papers and proposals on the
issues that the Council addresses.
In addition, the Council also has
an Agency Liaison Group, comprised
of senior officials responsible
for coordinating the FFIEC
work of their respective agencies’
staff members.
Administration of the Council
The Council holds regular meetings
at least twice a year. Other
Council meetings may be convened
whenever called by the
Chairman or four or more Council
members. The Council’s activities
are funded in several ways. Most
of the Council’s funds are derived
from assessments on its five federal
member agencies. It receives
tuition fees from non-agency
attendees to cover some of the
costs associated with its examiner
education program.
In 2012, the FRB continued to provide
budget and accounting services
to the Council. The Council
is supported by a small, full-time
administrative staff in its operations
office and in its examiner
education program, which are
located at the FDIC's L. William
Seidman Center in Arlington, Virginia.
Each Council staff member
is detailed (some permanently)
from one of the five federal member
agencies represented on the
Council.