For purposes of this part, an officer or employee of the Federal
Reserve is considered to be the “senior examiner” for a particular state
member bank, bank holding company, savings and loan holding company, or
foreign bank if—
(a) The officer or employee has been authorized by the Board to conduct
examinations or inspections on behalf of the Board;
(b) The officer or employee has been assigned continuing, broad, and lead
responsibility for examining or inspecting the state member bank, bank
holding company, savings and loan holding company, or foreign bank;
and
(c) The officer’s or employee’s responsibilities for examining, inspecting,
and supervising the state member bank, bank holding company, savings and loan
holding company, or foreign bank—
(1) Represent a substantial portion of the officer’s or employee’s assigned
responsibilities; and
(2) Require the officer or employee to interact routinely with officers or
employees of the state member bank, bank holding company, savings and loan
holding company, or foreign bank or its
affiliates.