Membership Balance Plan for the

FDIC Systemic Resolution Advisory Committee

(1) Name: FDIC Systemic Resolution Advisory Committee (the “Committee”).

(2) Authority: Discretionary committee established under agency authority.

(3) Mission/Function: The Committee will provide advice and recommendations on a broad 

range of issues regarding the resolution of systemically important financial companies (“covered 

companies”) pursuant to Title I and Title II of the Dodd-Frank Wall Street Reform and 

Consumer Protection Act, Pub. L. 111-203 (July 21, 2010), 12 U.S.C. 5301, et seq. Issues to be 

considered by the Committee include the effects on financial stability and economic conditions 

from a covered company’s failure, and how they arise; the effects on markets and stakeholders of 

the activities of a covered company; market understanding of the authorities available to the 

FDIC to facilitate an orderly resolution of a covered company, and the application of such 

authorities to nonbank financial entities; international coordination of planning and preparation 

for the resolution of internationally active covered companies; and the harmonization of 

resolution regimes across international boundaries. 

(4) Points of View: Given the complexities associated with the structure of covered companies, 

it is important to ensure that those most likely to be affected by, or play a role in, the resolution 

of covered companies participate in the Committee’s activities. Toward that end, and to ensure 

relevant expertise on the Committee, members of the Committee should include financial market 

participants and professionals with relevant experience managing large, complex firms; 

investors; bankruptcy professionals; representatives from the audit, accounting, credit rating, and 

legal professions; and other relevant experts. The Committee will be comprised of 

representatives of the above-described groups; no Special Government Employees are expected 

to be on the Committee. The FDIC has determined that Committee members will be 

representatives and not Special Government Employees because the FDIC seeks the viewpoints 

of industry sectors and other groups with a stake in the systemic resolution process, and 

Committee members are not being asked to exercise their own individual judgment. 

Membership balance is not static and may change depending on the work of the Committee. The 

number of Committee members shall not exceed 20. 

(5) Other Balance Factors: In order to achieve balance on the Committee, the FDIC may 

consider the following other factors: the importance of regional, state, or local government 

expertise; the effect on specific communities; and diversity in the candidates’ work sectors.

(6) Candidate Identification Process: Senior-level FDIC staff, including the Designated 

Federal Officer or Alternate Designated Federal Officer or designee(s), will be involved in 

determining balance on the Committee, reviewing applications and recommending qualified 

individuals, taking into consideration the areas of expertise most relevant to the issues to be 

examined by the Committee and the desire to include a broad cross-section of viewpoints on 

those issues. The Chairman of the FDIC will make the final selections. To achieve an 

appropriate balance on the Committee, the FDIC may seek nominations or recommendations 

from existing advisory committee members, banking industry representatives, consumer or 
community groups, other state or Federal government agencies, or members of the public. 

Committee members will serve terms of up to three years, which may be renewed by the FDIC. 

Any vacancies on the Committee will be filled, at the discretion of the DFO in consultation with 

the Chairman of the FDIC, as soon as practicable using the process noted above. 

(7) Subcommittee Balance: The process for assuring the appropriate balance on any 

subcommittee shall be the same process as for the full Committee, as outlined above. 

(8) Other: Appointments will be made without discrimination on the basis of race, religion, 

color, sex (including pregnancy, gender identity, and sexual orientation), national origin, 

disability, age, and genetic information.

(9) Date Prepared/Updated: Initially prepared on May 13, 2011; updated on May 1, 2013; 

updated on May 1, 2015; updated on May 1, 2017; updated on April 26, 2019; updated on April

21, 2021; amended on August 2, 2022; and updated on April 10, 2023.