The Federal Financial Institutions Examination Council $($FFIEC$)$ promotes uniform practices among the federal financial institutions. Its purpose is to: $1)$ establish principles and standards for the examination of federal financial institutions; $2)$ develop a uniform reporting system for federal financial institutions; $3)$ conduct training for federal bank examiners; $4)$ make recommendations regarding bank supervision matters, and $5)$ encourage the adoption of uniform principles and standards by federal and state banks.