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FFIEC State Committee

The Federal Financial Institutions Examination Council announced today the reappointment of three of the Council’s State Liaison Committee (SLC) members. The two-year terms for these SLC Members run from April 1, 2011, through March 31, 2013.
The National Association of State Credit Union Supervisors confirmed reappointment of Harold E. Feeney, Texas Credit Union Commissioner. The American Council of State Savings Supervisors confirmed reappointment of Douglas Foster, Texas Department of Savings and Mortgage Lending Commissioner. The Conference of State Bank Supervisors confirmed reappointment of John Munn, Nebraska Department of Banking and Finance Director.
Director John Munn is the current Chair of the SLC, a position he has held since 2008.
The SLC was established by the Council, pursuant to Section 1007 of the Financial Institutions Regulatory and Interest Rate Control Act of 1978, to encourage the application of uniform examination principles and standards by state and federal agencies, and to allow state regulators to participate in the development of those principles and standards. The SLC consists of five representatives of state regulatory agencies that supervise financial institutions; its membership also includes David Cotney, Commissioner, Massachusetts Division of Banks, and Charles A. Vice, Commissioner, Kentucky Department of Financial Institutions.
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The FFIIEC was esttablliished iin Marrch 1979 tto prrescrriibe uniifforrm prriinciiplles,, sttandarrds,, and rreporrtt fforrms and tto
prromotte uniifforrmiitty iin tthe superrviisiion off ffiinanciiall iinsttiittuttiions.. The Counciill has siix vottiing memberrs:: tthe Boarrd
off Goverrnorrs off tthe Federrall Reserrve Systtem,, tthe Federrall Deposiitt IInsurrance Corrporrattiion,, tthe Offffiice off tthe
Compttrrollllerr off tthe Currrrency,, tthe Nattiionall Crrediitt Uniion Admiiniisttrrattiion,, tthe Offffiice off Thrriifftt Superrviisiion,, and
tthe Sttatte Liiaiison Commiittttee.. The Counciill’’s acttiiviittiies arre supporrtted by iintterragency ttask fforrces and by an
adviisorry Sttatte Liiaiison Commiittttee,, comprriised off ffiive rreprresenttattiives off sttatte agenciies tthatt superrviise ffiinanciiall
iinsttiittuttiions..

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