Federal Financial Institutions Examination Council - FFIEC

DEFINITION of 'Federal Financial Institutions Examination Council - FFIEC'

An interagency body of the U.S. government made up of several U.S. financial regulatory agencies. The FFIEC prescribes uniform principles, standards, and report forms for the federal inspection of financial institutions. The FFIEC was created in 1979, and is meant to promote consistent and uniform standards for financial institutions.

BREAKING DOWN 'Federal Financial Institutions Examination Council - FFIEC'

The FFIEC is made up of the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS). In 1980, the council was given the responsibility of facilitating public access to mortgage information from financial institutions in accordance with the Home Mortgage Disclosure Act of 1975.

RELATED TERMS
  1. Financial Institutions Regulatory ...

    A United States Federal law enacted in 1978 pertaining to depository ...
  2. Call Report

    A report that must be filed by all regulated financial institutions ...
  3. Uniform Bank Performance Report ...

    An analaytical tool created by the Federal Financial Institutions ...
  4. Thrift Institutions Advisory Council

    A council that advises the Federal Reserve board of governors ...
  5. Primary Regulator

    The state or federal regulatory agency that is the primary supervising ...
  6. Assuming Institution

    A healthy financial institution that purchases the assets of ...
Related Articles
  1. Economics

    Federal Deposit Insurance Corporation (FDIC)

    The Federal Deposit Insurance Corporation (FDIC) insures deposits in banks and thrift institutions.
  2. Professionals

    The Administrator

    North American Securities Administrators Association (NASAA) As the name indicates, NASAA is an organization of securities Administrators. The term "Administrator" is a generic title ...
  3. Professionals

    Financial institutions: Banks

    Financial institutions: Banks
  4. Credit & Loans

    What is a Financial Institution?

    A financial institution is in business to, among other things, accept deposits, make loans, exchange currencies, and broker investment securities.
  5. Economics

    What Do the Federal Reserve Banks Do?

    These 12 regional banks are involved with four general tasks: formulate monetary policy, supervise financial institutions, facilitate government policy and provide payment services.
  6. Professionals

    Series 66 Exam Prep: The Uniform Securities Act

    Before you take the series 66, you need to understand the Uniform Securities Act and the Blue Sky Laws.
  7. Investing

    Institutional Investors

    Learn more about the advantages that financial institutions enjoy when buying and selling securities.
  8. Professionals

    Chapter One

    We look at types of businesses, goals of financial management, the agency problem, financial institutions, markets and corporations,
  9. Economics

    Regional Banks Give The Fed A National Perspective

    We all know that the Federal Reserve utilizes monetary policy to control the economy, but what do the 12 regional Federal Reserve Banks do?
  10. Personal Finance

    The Banking System: Commercial Banking - How Banks Are Regulated

    ByStephen D. Simpson, CFA The 2007-2008 mortgage bubble in the United States, and worldwide credit crisis, highlighted why banks are so heavily regulated; with such a key role in the economy, ...
RELATED FAQS
  1. What are some of the major regulatory agencies responsible for overseeing financial ...

    Discover the specific responsibilities of some of the major regulatory agencies that oversee financial institutions in the ... Read Answer >>
  2. What are the major categories of financial institutions and what are their primary ...

    Understand the various types of financial institutions that exist in today's economy, and learn the purpose each serves in ... Read Answer >>
  3. What are key government regulations that affect investing in the banking sector?

    Discover how the global financial crisis of 2008 changed the face of banking in the United States and around the world by ... Read Answer >>
  4. A company I recently looked up showed institutional holdings of more than 100%. How ...

    It is obviously not technically possible for any shareholder or category of shareholder to hold more than 100% of a company's ... Read Answer >>
  5. What are the Federal Reserve's guidelines on demand deposit accounts?

    Read about some of the Federal Reserve's requirements and guidelines regarding the treatment, safeguarding and processing ... Read Answer >>
  6. What is the structure of the U.S. Federal Reserve Bank?

    Wonder how the U.S. Federal Bank began and how it works today? Learn how this complex system is structured and how it works ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center