Federal Financial Institutions Examination Council
|For Immediate Release||March 9, 2005|
The Federal Financial Institutions Examination Council (FFIEC) is pleased to announce that Steven L. Antonakes was appointed as a member of the State Liaison Committee to replace Helen Howell, former Commissioner of Banks for Washington State.
Mr. Antonakes is the Commissioner of Banks for the Commonwealth of Massachusetts. In this capacity, he oversees nearly 300 state-chartered banks and credit unions holding total combined assets of approximately $225 billion and over 5,000 non-bank financial entities. Prior to his appointment as Commissioner, Mr. Antonakes served as the First Deputy Commissioner of Banks since July 2002. During his 15 year tenure with the Division, Mr. Antonakes has also held the positions of Senior Deputy Commissioner for Administration and Policy, Chief Director of CRA Examinations, and Bank Examiner.
Mr. Antonakes' term as an SLC member began on February 16, 2004 and will end on February 16, 2006.
The FFIEC was established in March 1979 to prescribe uniform principles, standards, and report forms and to promote uniformity in the supervision of financial institutions. The Council has five member agencies: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision. The Council's activities are supported by interagency task forces and by an advisory State Liaison Committee, comprised of five representatives of state agencies that supervise financial institutions.