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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Since 1933, no depositor has lost a penny of FDIC-insured funds

Press Releases

FDIC Announces Members for the Advisory Committee of State Regulators

FOR IMMEDIATE RELEASE
February 19, 2020
Media contact:
LaJuan Williams- Young
(202) 898-3876
lwilliams-young@fdic.gov

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) has announced the selection of 15 members for its recently established Advisory Committee of State Regulators. The FDIC Board of Directors approved the formation of the new Advisory Committee on November 19, 2019, as another mechanism for state regulators and the FDIC to discuss a variety of current and emerging issues that have potential implications for the regulation and supervision of state-chartered financial institutions. The Advisory Committee members include regulators of state-chartered financial institutions from across the United States as well as other individuals with expertise in the regulation of state-chartered financial institutions.

"State supervisors play a crucial role in our regulatory framework," said Chairman McWilliams. "While the FDIC has had a good relationship with state supervisors, this Advisory Committee will serve as a formal venue to engage on issues pertinent to state-chartered banks."

The new members of the Advisory Committee are:

For more information, please visit the Advisory Committee of State Regulators webpage.

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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's banks and savings associations, 5,256 as of September 30, 2019. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars—insured financial institutions fund its operations.

FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-12-2020

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