Annual Report 2002 - ffiec

The following section is a chrono–
logical record of the official actions
taken by the FFIEC during 2002 pursuant
to sections 1006, 1007, and
1009A of the Federal Financial Institutions
Examination Council Act of
1978, Public Law 95-630; section 304
of the Home Mortgage Disclosure
Act (HMDA), Public Law 94-200;
and the Riegle Community Development
and Regulatory Improvement
Act of 1994 (RCDRIA), Public
Law 103-325.
February 20
Action. Unanimously approved the
200l annual report of the Council to
the Congress.
Explanation. The legislation establishing
the Council requires that, not
later than April l of each year, the
Council publish an annual report
covering its activities during the
preceding year.
March 25
Action. Unanimously approved the
issuance of the Council’s annual
interagency awards.
Explanation. The Council has an
interagency awards program that
recognizes individuals of the member
agencies who have provided
outstanding service to the Council
on interagency projects and programs
during the previous year.
March 25
Action. Unanimously approved the
proposed alternative to the Risk
Management Planning Seminar.
Explanation. The Task Force on
Examiner Education presented several
alternatives for delivering the
risk management seminar to bank-
RECORD OF COUNCIL ACTIVITIES
The Examination Council in Session.
ers. The Council considered the pos- appointment of six task force chairs.
sible options and decided that the
FFIEC would replace the conference
with a combination of risk manage-
ment materials on the FFIEC website
and outreach programs from
the agencies to the banking
industry.
Explanation. The chairs for all six
standing task forces are approved
annually and are drawn from man-
agement and staff of the five mem-
ber agencies.
March 25
March 25
Action. Unanimously approved the
Action. Unanimously endorsed the appointments of Elizabeth McCaul,
general milestones each FFIEC task Superintendent of Banking, New
force established, with target com- York State Banking Department,
pletion dates set for 2002. and John Allison, Commissioner,
Explanation. Each of the six task
forces compiled a summary project
list with projected completion dates,
milestones, and priorities for pro-
Mississippi Department of Banking
and Consumer Finance, to serve
on the Council’s State Liaison
Committee.
jects and programs planned for the Explanation. The State Liaison Com-
2002 calendar year. mittee is comprised of five members
who serve two-year terms. Two
are appointed by the Council, and
March 25
the remaining three members are
appointed by the Conference of
Action. Unanimously approved the State Bank Supervisors, the National
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