Federal Financial Institutions Examination Council has Made Limited Progress Toward Accomplishing Its Mission

摘要

The Federal Financial Institutions Examination Council was established by law in March 1979 to prescribe uniform principles, standards, and report forms for the Federal examination of financial institutions. In addition, the Council is to make recommendations to promote uniformity in the supervision of financial institutions, to develop uniform reporting systems for federally supervised financial institutions, and to conduct schools for examiners employed by the five member agencies. This report shows that the Council has made limited progress in accomplishing its congressionally mandated objectives. It also discusses various additional actions that could be taken to promote uniformity in the Federal supervision of financial institutions, including some form of consolidation of the five member agencies or their functions.