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Can you summarize 12 CFR Chapter XI?
Banks and Banking > FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
Short Summary
The provided legal document content pertains to the Code of Federal Regulations under the section ‘Banks and Banking’ and specifically focuses on the activities and operations of the Federal Financial Institutions Examination Council (FFIEC). The FFIEC is an interagency body that is responsible for prescribing uniform principles, standards, and report forms for the federal examination of financial institutions. It aims to promote uniformity in the supervision of financial institutions and enhance the efficiency and effectiveness of the examination process. The documents provide guidelines and regulations for the FFIEC and its member agencies, outlining their roles, responsibilities, and procedures. These documents apply to the FFIEC and its member agencies, which include the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau. No specific exemptions or penalties are mentioned in the provided legal document content.
Whom does it apply to?
Federal financial institutions regulatory agencies, regulated financial institutions, State Appraisal Agencies, and other persons or institutions with a demonstrable interest in appraiser regulation
What does it govern?
Activities and operations of the Federal Financial Institutions Examination Council (FFIEC)
What are exemptions?
No specific exemptions are mentioned in the provided legal document content
What are the Penalties?
No specific penalties are mentioned in the provided legal document content
Jurisdiction
U.S. Federal Government