Federal Reserve Act, Section 21 Subsections 1 Not codified 2 Examination of National Banks Examination of National Banks and Affiliates of National Banks 12 USC §481 (1st paragraph) 3 Powers in Examining Affiliates Powers in Examining Affiliates; Expenses of Examinations 12 USC §481 (2nd paragraph) 4 [more...]
Summary Federal Financial Institutions Examination Council FFIEC is responsible for the standardization of exams by the various federal regulators Many state regulators have adopted the FFIEC's standards There are three principle types of bank examinations: "Safety and Soundness" examinations covering the financial condition [more...]
In General Pursuant to section 5(c)(2) of the Bank Holding Company Act BHCA ( 12 USC 1844(c)(2) ) the FRB is responsible for examining bank holding companies and their subsidiaries Pursuant to section 10(b)(4) of the Savings and Loan Holding Company Act ( 12 USC 1467a(b)(4) ) the OTS is responsible for examining S&L Holding companies, but [more...]
Safety and Soundness Examination Ratings CAMEL Ratings Federally examined banks are rated using the interagency Uniform Financial Institutions Ratings System UFIRS Originally this rating system, referred to industry-wide by the acronym "CAMEL" , evaluated five components C apital adequacy A sset quality M anagement and administration E arnings L [more...]