This figure illustrates the governance framework of the DIF and NLF.

The FDIC Board is responsible for overall oversight of funds in the DIF and NLF

The Deputy to the Chairman and CFO are responsible for managing and reporting on funds in the DIF and NLF consistent with Board-approved polcies

To assist the CFO in carrying out his responsibilities, the FDIC established the IAG consisting of the CFO; the Director, DOF; and three other members not directly involved in the DIF or NLF investment operations.

The IAG is responsible for monitoring:

• Overall investment, Treasury securities market, and economic conditions
• Performance of the DIF and NLF
• Actions that constitute exceptions to Board-approved policies

The IAG is responsible for Advising the CFO on:

• Liquidity targets
• Investment strategies

The Director, DOF, is responsible for day-to-day purchases, sales, accounting, and reporting of funds in the DIF and NLF

Within DOF, the Treasury Management Section consists of two units, the Funding and Investments Unit (FIU) and Treasury Operations Unit (TOU).

• Executes overnight investments
• Maintains portfolio system
• Accounts for corporate investments
• Provides back-office support for corporate and liquidation investments

• Prepares management and board reports
• Invests corporate and liquidation funds
• Monitors current market conditions and makes investment decisions consistent with investment strategies
• Prepares IAG briefing materials
• Prepares management and board reports