Board of Directors of the FDIC
E44745
The Board of Directors of the FDIC is the governing body that sets policy, oversees operations, and makes key regulatory and supervisory decisions for the Federal Deposit Insurance Corporation.
Aliases (2)
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
board of directors
→
governing body → |
| appliesToSector |
banking
→
financial services → |
| canDelegateAuthorityTo |
FDIC Chairman
→
FDIC operating divisions → |
| country |
United States
→
|
| governs |
Federal Deposit Insurance Corporation
→
|
| hasExOfficioMember |
Comptroller of the Currency
→
Director of the Consumer Financial Protection Bureau → |
| hasLegalBasisIn |
Federal Deposit Insurance Act
→
|
| hasNumberOfVotingMembers |
5
→
|
| hasPrimaryGoal |
maintain stability and public confidence in the U.S. financial system
→
protect depositors of insured banks → |
| hasQuorumRequirement |
majority of members
→
|
| includesPosition |
Chairman of the FDIC
→
Comptroller of the Currency → Director of the Consumer Financial Protection Bureau → FDIC Director → Vice Chairman of the FDIC → |
| locatedIn |
Washington, D.C.
→
|
| makesDecisionOn |
FDIC enforcement actions
→
FDIC regulations → bank supervision → deposit insurance → resolution of failed banks → |
| meetsAt |
FDIC headquarters
→
|
| memberAppointedBy |
President of the United States
→
|
| memberConfirmedBy |
United States Senate
→
|
| oversees |
FDIC deposit insurance fund
→
FDIC operations → FDIC risk management policies → |
| publishes |
resolutions and policy statements
→
|
| reportsTo |
United States Congress
→
|
| responsibleFor |
adoption of FDIC regulations
→
approval of FDIC budget → approval of major enforcement actions → approval of resolutions of large or complex bank failures → overall direction of the FDIC → setting assessment rates for insured institutions → |
| setsPolicyFor |
Federal Deposit Insurance Corporation
→
|
| subjectTo |
administrative law requirements
→
federal banking law → |
| subjectToOversightBy |
Government Accountability Office
→
United States Congress → |
| termLengthForAppointedMembers |
6 years
→
|
| usesDecisionProcess |
majority vote
→
|
Referenced by (3)
| Subject (surface form when different) | Predicate |
|---|---|
|
Deposit Insurance Fund
("FDIC Board of Directors")
→
|
administeredBy |
|
Federal Deposit Insurance Corporation
→
|
governedBy |
|
Board of Directors of the FDIC
("FDIC Director")
→
|
includesPosition |