FEDERAL DEPOSIT INSURANCE CORPORATION 

CHARTER OF 

THE FDIC ADVISORY COMMITTEE 

ON COMMUNITY BANKING 

1. Committee’s Official Designation (Title): FDIC Advisory Committee on 

Community Banking (the “Committee”). 

2. Authority: Discretionary committee established under agency authority in 

accordance with the provisions of the Federal Advisory Committee Act, as 

amended, 5 U.S.C. § 1001 et seq. 

3. Objectives and Scope of Activities: The Committee will provide advice and 

recommendations to the FDIC on a broad range of policy issues that have a 

particular impact on community banks throughout the United States and the local 

communities that are served by community banks, including a focus on rural and 

urban areas. The Committee will review various issues that may include, but not 

be limited to, examination policies and procedures, credit/lending practices, 

deposit insurance assessments, insurance coverage, and regulatory compliance 

matters to promote the continued growth and ability of community banks to 

extend financial services in their respective local markets. 

4. Description of Duties: The Committee will provide advice and 

recommendations only. It will have no formal decision-making role, will have no 

access to confidential supervisory or other confidential information, and will not 

have access to or discuss any non-public information regarding specific financial 

companies. 

5. Agency or Official to Whom the Committee Reports: The Committee 

reports to the Chairman of the Board of Directors of the FDIC (the “Chairman”). 

6. Support: The FDIC will establish such operating procedures as are required 

to support the Committee, consistent with the Federal Advisory Committee Act, 

as amended. The FDIC will provide whatever support is required for the 

Committee’s activities, to the extent permitted by law and subject to the 

availability of resources. 

7. Estimated Annual Operating Costs and Staff Years: The annual operating 

costs associated with supporting the Committee’s functions are estimated to be 

$375,000 per year, including staff time. It is estimated that two staff-years per 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

year of FDIC personnel time will be required to support the Committee on a 

continuing basis. Committee members will be reimbursed for expenses for 

travel, per diem, and other miscellaneous expenses incurred in the performance 

of their duties for the Committee, subject to FDIC approval. 

8. Designated Federal Officer: A full-time or permanent part-time employee, 

appointed in accordance with agency procedures and designated as such by the 

Chairman, will serve as the Designated Federal Officer (“DFO”). The DFO will 

approve or call all of the Committee and subcommittee meetings, prepare and 

approve all meeting agendas, attend all Committee and subcommittee meetings, 

adjourn any meeting when the DFO determines adjournment to be in the public 

interest, and chair meetings when directed to do so by the official to whom the 

Committee reports. 

9. Estimated Number and Frequency of Meetings: The Committee shall meet 

at such intervals as are necessary to carry out its functions. It is anticipated that 

the Committee will meet at least two times per year. 

10. Duration: The Committee will exist for two years from the date of the 

Charter filing, unless earlier renewed. 

11. Termination: The Committee will terminate two years from the date of the 

Charter filing, unless earlier renewed or terminated. 

12. Membership and Designation: The majority of the members of the 

Committee will represent community banks of various sizes from different areas 

of the country, both rural and urban, that are engaged in a variety of business 

lines. Other members of the Committee may include individuals with community 

banking expertise. Members will serve for a term of two years, which may be 

renewed or otherwise extended for an additional period, and the number of 

members of the Committee will not exceed 20. Committee members will not 

receive compensation for their services. No Special Government Employees and 

no Regular Government Employees are expected to be on the Committee. The 

Chairman of the Committee, to the extent one is desired by the FDIC, would be 

selected from among the members of the Committee by the Chairman of the 

Board of Directors of the FDIC. 

13. Subcommittees: The Chairman is authorized to create any subcommittees 

that may be necessary to fulfill the Committee’s mission. Subcommittees may 

include as members individuals who are appointed Committee members and/or 

other individuals. Any subcommittee created will report back to the parent 

Committee and will not provide advice or work product(s) directly to the FDIC. 

14. Recordkeeping: The records of the Committee will be handled in 

accordance with the FDIC’s records disposition schedule. These records will be 
 

 

 

 

 

____________________ __________________________________ 

available for public inspection and copying, subject to the Freedom of Information 

Act, 5 U.S.C. § 552, and any other applicable laws and regulations. 

15. Filing Date: The charter has been filed with the Chairman of the FDIC; the 

Senate Committee on Banking, Housing, and Urban Affairs; the House 

Committee on Financial Services; and the General Services Administration’s 

Committee Management Secretariat. The charter was also furnished to the 

Library of Congress on July ___ 21 , 2023.

07-21-23

Dated Martin J. Gruenberg 

Chairman 

Federal Deposit Insurance Corporation