Skip to main content
Content Starts Here GSA Federal Advisory Committee Act (FACA) Database Skip to main content

Committee Detail

Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.

Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”

FDIC - 76855 - FDIC Systemic Resolution Advisory Committee - Agency Authority


Committee NameFDIC Systemic Resolution Advisory CommitteeAgency NameFederal Deposit Insurance Corporation
Fiscal Year2022Committee Number76855
Original Establishment Date5/19/2011Committee StatusChartered
Actual Termination Date Committee URL
New Committee This FYNoPresidential Appointments*No
Terminated This FYNoMax Number of Members*20
Current Charter Date4/21/2021Designated Fed Officer Position Title*Deputy to the Chairman for Policy and DFO
Date Of Renewal Charter4/21/2023Designated Federal Officer Prefix
Projected Termination Date Designated Federal Officer First Name*Arthur
Exempt From Renewal*NoDesignated Federal Officer Middle NameJ.
Specific Termination AuthorityDesignated Federal Officer Last Name*Murton
Establishment Authority*Agency AuthorityDesignated Federal Officer Suffix
Specific Establishment Authority*April 26, 2011, Board ResolutionDesignated Federal Officer Phone*(202) 898-3938
Effective Date Of Authority*4/26/2011Designated Federal Officer Fax*(202) 898-3500
Exempt From EO 13875 Discretionary CmteNot ApplicableDesignated Federal Officer Email*
Committee Type*Continuing
Committee Function*National Policy Issue Advisory Board


Agency Recommendation*Continue
Legislation to Terminate RequiredNo
Legislation StatusNot Applicable
How does cmte accomplish its purpose?*The Advisory Committee will provide advice and comments on a broad range of issues regarding the resolution of systemically important financial companies (“covered companies”) pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Issues to be discussed by the Committee include the effects on financial stability and economic conditions resulting from a covered company’s failure, the effects on markets and stakeholders of a covered company, market understanding of the structures and tools available to the FDIC to facilitate an orderly resolution of a covered company, the application of such tools to nonbank financial entities, international coordination of planning and preparation for the resolution of internationally active covered companies, and harmonization of resolution regimes across international boundaries. The Committee, as appropriate, may offer advice and recommendations after it reviews the various issues under consideration.
How is membership balanced?*Members will effectively represent the varied and diverse interests affected by the issues to be considered. Given the complexities associated with the structure of covered companies, the FDIC will seek to ensure that representatives of industries and sectors most likely to be impacted by, or play a role in, the resolution of covered companies participate in the Committee’s activities. Toward that end, members of the Committee may 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, as well as academic and other relevant experts.
How frequent & relevant are cmte mtgs?*Estimated Number of Meetings per Year - 1.
Why advice can't be obtained elsewhere?*The Advisory Committee will be utilized to gather information and promote highly technical, specialized and focused discussions about the FDIC’s resolution policy development and a variety of current and emerging issues that could affect the resolution of covered companies. This information will help the FDIC to identify and prioritize issues and develop effective strategies and policies in implementing its systemic resolution authority.
Why close or partially close meetings?N/A
Recommendation Remarks


Outcome Improvement To Health Or Safety*NoAction Reorganize Priorities*No
Outcome Trust In GovernmentYesAction Reallocate ResourcesNo
Outcome Major Policy ChangesYesAction Issued New RegulationsNo
Outcome Advance In Scientific ResearchNoAction Proposed LegislationNo
Outcome Effective Grant MakingNoAction Approved Grants Or Other PaymentsNo
Outcome Improved Service DeliveryYesAction OtherNo
Outcome Increased Customer SatisfactionYesAction Commentn/a
Outcome Implement Laws/Reg RequirementsYesGrants Review*No
Outcome OtherYesNumber Of Grants Reviewed0
Outcome CommentThe FDIC, with the Federal Reserve, has provided feedback to companies regarding the type of information that would be useful to include within the public sections of the living wills to improve the transparency of those submissions and that would demonstrate the work the firms are doing to improve resolvability.Number Of Grants Recommended0
Cost Savings*Unable to DetermineDollar Value Of Grants Recommended$0.00
Cost Savings Commentn/aGrants Review Commentn/a
Number Of Recommendations*0Access Contact Designated Fed. Officer*No
Number Of Recommendations CommentThe FDIC did not hold a Systemic Resolution Advisory Committee (SRAC) meeting in FY22. Accordingly, the FDIC did not receive formal recommendations.Access Agency WebsiteYes
% of Recs Fully Implemented*0.00%Access Committee WebsiteNo
% of Recs Fully Implemented CommentNot ApplicableAccess GSA FACA WebsiteYes
% of Recs Partially Implemented*0.00%Access PublicationsNo
% of Recs Partially Implemented CommentNot ApplicableAccess OtherNo
Agency Feedback*YesAccess CommentAccess to Committee information may be obtained from the CMO and is also available in the FDIC Public Information Center.
Agency Feedback Comment*At each committee meeting, FDIC staff provides agency feedback information to the Committee members and the public on a variety of issues, including issues raised by the committee members. Minutes are recorded for each meeting and are located at Description*The Advisory Committee supports the FDIC through its advice and commentary on a broad range of issues regarding the resolution of systemically important financial institutions pursuant to the Dodd-Frank Act. The Advisory Committee is also intended to facilitate discussion on how the FDIC’s systemic resolution authority, and its implementation, may impact regulated entities and other stakeholders potentially affected by the resolution process. The FDIC continues to refine its planning in order to facilitate the effective resolution of covered financial companies under the Dodd-Frank Act, should that ever be necessary. In undertaking these efforts, it is particularly important that the FDIC understands the interests and concerns of, and receives input from, a wide spectrum of market participants, professionals, and other stakeholders about the interaction of these planning and regulatory efforts with the financial market and financial companies.
Hide Section - COSTS


Payments to Non-Federal Members* Est Payments to Non-Fed Members Next FY* 
Payments to Federal Members* Est. Payments to Fed Members Next FY* 
Payments to Federal Staff* Estimated Payments to Federal Staff* 
Payments to Consultants* Est. Payments to Consultants Next FY* 
Travel Reimb. For Non-Federal Members* Est Travel Reimb Non-Fed Members nextFY* 
Travel Reimb. For Federal Members* Est Travel Reimb For Fed Members* 
Travel Reimb. For Federal Staff* Est. Travel Reimb to Fed Staff Next FY* 
Travel Reimb. For Consultants* Est Travel Reimb to Consultants Next FY* 
Other Costs Est. Other Costs Next FY* 
Total Costs$0.00Est. Total Next FY*$0.00
Date Cost Last Modified3/7/2022 1:37 PMEst. Fed Staff Support Next FY* 
Federal Staff Support (FTE)* Est Cost Remarks
Cost Remarks  
Hide Section - Interest Areas

Interest Areas

Business and Domestic Commerce
Federal Government


To View all the members, meetings and advisory reports for this committee please click here


No Documents Found



Data from Previous Years

ActionCommittee System IDCommittee NameFiscal Year
 COM-039225FDIC Systemic Resolution Advisory Committee2021
 COM-037037FDIC Systemic Resolution Advisory Committee2020
 COM-035238FDIC Systemic Resolution Advisory Committee2019
 COM-032557FDIC Systemic Resolution Advisory Committee2018
 COM-001491FDIC Systemic Resolution Advisory Committee2017
 COM-002642FDIC Systemic Resolution Advisory Committee2016
 COM-003618FDIC Systemic Resolution Advisory Committee2015
 COM-004649FDIC Systemic Resolution Advisory Committee2014
 COM-005971FDIC Systemic Resolution Advisory Committee2013
 COM-006770FDIC Systemic Resolution Advisory Committee2012
 COM-007841FDIC Systemic Resolution Advisory Committee2011