To encourage the application of uniform examination principles and standards by State and Federal supervisory agencies, the Council shall establish a liaison committee composed of five representatives of State agencies which supervise financial institutions which shall meet at least twice a year with the Council. Members of the liaison committee shall receive a reasonable allowance for necessary expenses incurred in attending meetings. Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.
Structure US Code
CHAPTER 34— FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
§ 3301. Declaration of purpose
§ 3303. Financial Institutions Examination Council
§ 3304. Costs and expenses of Council
§ 3308. Access to books, accounts, records, etc., by Council
§ 3309. Risk management training