Board Resolution and Matrices
On October 20, 2020, the FDIC Board of Directors (Board) adopted a resolution to update reservations and delegations of authorities for certain actions, as reflected in the adopted Delegations of Authority for Supervisory Filings, Enforcement Matters, Capital Determinations, and Information Sharing Agreements (Revised Delegations). The Revised Delegations detail authority reserved to the Board, as well as the authority delegated to Committees of the Board and Corporate Officers. The Revised Delegations provide that Corporate Officers may delegate certain authority to professional staff.
To aid users, the FDIC has summarized the reserved and delegated authorities in the form of the Delegation Matrices provided below. The matrices summarize delegations to professional staff, circumstances that may restrict the authority to act, and other information relevant to the exercise of authority.