Management of this oversight process rests with a senior staff member designated as CPC, or “central point of contact.” That individual, in turn, coordinates virtually all interaction between the Federal Reserve and the institution, and directs an identified team of examination and supervisory staff having specialized skills tailored to the unique profile of the institution.
This structure, combined with the ability of the CPC to draw upon additional staff throughout the Federal Reserve System, should promote greater understanding of an institution’s business and risk management process, while reducing our level of intrusion.