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The Thrift Savings Plan is a tax-deferred defined contribution plan similar to a private sector 401(k) plan. The Thrift Savings Plan is one of the three parts of the Federal Employees Retirement System, and is the largest defined contribution plan in the world. As of August 2021, the board manages $794.7 billion in assets on behalf of 6.4 ...
Federal Advisory Council; Consumer Advisory Council; Thrift Institutions Advisory Council; Of these advisory committees, perhaps the most important are the committees (one for each Reserve Bank) that advise the Banks on matters of agriculture, small business, and labor. Biannually, the Board solicits the views of each of these committees by mail.
Twelve senior executives of banks, thrift institutions and credit unions in the Eighth District serve on the St. Louis Fed's Community Depository Institutions Advisory Council (CDIAC), [7] which meets twice a year to advise the St. Louis Fed president on the credit, banking and economic conditions facing the members' institutions and communities.
OTS did not receive a government budget; instead, they were funded by the banks they regulate, like other U.S. federal bank regulators. [1] Other regulatory agencies like the OTS include the Office of the Comptroller of the Currency, the FDIC, the Federal Reserve System, and the National Credit Union Administration.
To the extent that the Act affects all federal financial regulatory agencies, eliminating one (the Office of Thrift Supervision) and creating two (Financial Stability Oversight Council and the Office of Financial Research) in addition to several consumer protection agencies, including the Bureau of Consumer Financial Protection, this ...
The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is "empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions". [2]
On July 26, 2011, the First Annual Financial Stability Oversight Council Report [4] was issued by the Council fulfilling the Congressional mandate to report on the activities of the Council. The Report is intended to describe significant financial market and regulatory developments, analyze potential emerging threats, and make certain ...
The President's Advisory Council on Financial Capability (established by Obama On January 29, 2010, by signing Executive Order 13530) was the successor to the President's Advisory Council on Financial Literacy (stablished by Bush, January 22, 2008). The last meeting of committee was in November 2012, and the Council officially ended on January ...