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E l x i a c Federal Financial Institutions m n i u nation Co Examination Council
ANNUAL REPORT 2018
Board of Governors of the Federal Reserve System
Consumer Financial Protection Bureau
Federal Deposit Insurance Corporation
National Credit Union Administration
Office of the Comptroller of the Currency
State Liaison Committee Members of the Council Jelena McWilliams, FFIEC Chairman, Chairman, Federal Deposit Insurance Corporation
Kathleen Kraninger, Randal K. Quarles, ancial I FFIEC Vice Chairman, in ns Member and Vice Chair for Director, Consumer Financial F ti Supervision, Board of Governors of l t Protection Bureau a u the Federal Reserve System r t i e o
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Greg Gonzalez, Joseph M. Otting, Chairman, Comptroller of the Currency, State Liaison Committee, Office of the Comptroller of the Currency Commissioner, Tennessee Department of Financial Institutions
J. Mark McWatters, Chairman, National Credit Union Administration
FFIEC Annual Report | 2018 iii Letter of Transmittal Fe eral F nan al In t tut on E a nat on Coun l
01 Fa r a r e Roo 081a Arl n ton A 2222 0 0 1 88 FA 0 2 e o
March 29, 2019
The President of the Senate The Speaker of the House of Representatives
Pursuant to the provisions of section 1006(f) of the Financial Institutions Regulatory and Interest Rate Control Act of 1978 (12 U.S.C. § 3305), I am pleased to submit the 2018 Annual Report of the Federal Financial Institutions Examination Council.
Respectfully,
Jelena McWilliams Chairman
oar o o ernor o t e Fe eral Re er e te Con u er F nan al rote t on ureau Fe eral epo t In uran e Corporat on National Credit Union Administration, Office of the Comptroller of the Currency, State Liaison Committee
FFIEC Annual Report | 2018 v Table of Contents Members of the Council...... ii Letter of Transmittal...... iv Table of Contents...... vi Chart of Selected Abbreviations ...... viii Message from the FFIEC Chairman ...... x Overview of the Federal Financial Institutions Examination Council Operations ...... 4 Record of Council Activities...... 8 State Liaison Committee...... 12 Activities of the Interagency Staff Task Forces ...... 14 Task Force on Consumer Compliance ...... 15 Task Force on Examiner Education...... 17 Task Force on Information Sharing...... 21 Task Force on Reports...... 23 Task Force on Supervision...... 29 Task Force on Surveillance Systems...... 32 The Federal Financial Institution Regulatory Agencies and their Supervised Institutions...... 36 Board of Governors of the Federal Reserve System...... 38 Consumer Financial Protection Bureau...... 40 Federal Deposit Insurance Corporation...... 42 National Credit Union Administration ...... 44 Office of the Comptroller of the Currency...... 45 Assets, Liabilities, and Net Worth of U.S. Commercial Banks, Savings Institutions, and Credit Unions as of December 31, 2018...... 46 Income and Expenses of U.S. Commercial Banks, Savings Institutions, and Credit Unions for the Twelve Months Ending December 31, 2018...... 47 Appendix A: Relevant Statutes ...... 48 Appendix B: 2018 Audit Report...... 56 Appendix C: Maps of Agency Regions and Districts...... 70 Board of Governors of the Federal Reserve System...... 72 Consumer Financial Protection Bureau...... 73 Federal Deposit Insurance Corporation Supervisory Regions...... 74 National Credit Union Administration ...... 75 Office of the Comptroller of the Currency ...... 76 Appendix D: Organizational Listing of Personnel...... 78
FFIEC Annual Report | 2018 vii Chart of Selected Abbreviations ACSSS...... American Council of State Savings FRB...... Board of Governors of the Federal Supervisors Reserve System ALG...... Agency Liaison Group FSOC...... Financial Stability Oversight Council AML...... Anti-Money Laundering H