Final answer:
The FDIC operates under the direction and supervision of entities such as the OCC, NCUA, and the Federal Reserve when reorganizing or liquidating a failed bank. These agencies ensure bank stability, compliance, and depositor protection through rigorous supervision and examination.
Step-by-step explanation:
When the FDIC is appointed as a receiver or conservator to reorganize or liquidate a failed bank, it operates under the guidance and oversight of several entities. These include the Office of the Comptroller of the Currency (OCC), which is responsible for supervising banks, and the National Credit Union Administration (NCUA), responsible for inspecting credit unions.
Additionally, the Federal Reserve also plays a crucial role in bank supervision, ensuring financial stability and compliance. Collectively, these agencies work to maintain a robust banking system and safeguard depositors through actions such as bank examination, deposit insurance, and risk assessment. Bank supervision aims to ensure that financial institutions maintain a positive net worth and manageable risk levels in their asset portfolios.