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Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Federal Financial Institutions Examination CouncilConsolidated Reports
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Authority refers to the power or right to give orders, make decisions, and enforce obedience. It is considered true when it is legitimate and supported by evidence.
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Those who have been granted authority or hold positions of power are required to file authority and ensure it is true.
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The information that must be reported on authority includes the individual's name, position, organization, scope of authority, and any supporting documentation.
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