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For Release

WASHINGTON — The Special Committee of the Federal Deposit Insurance Corporation (�౦��Ϸ����) Board of Directors established to oversee an independent third–party review of the agency’s workplace culture issued the following statement today:

“ As announced previously , the �౦��Ϸ���� Board of Directors established a Special Committee to provide direction to and oversee an independent third–party review of allegations of sexual harassment and interpersonal misconduct at the �౦��Ϸ���� and management’s response to that harassment and misconduct. The independent review will also assess the �౦��Ϸ����’s workplace culture, including any practices that might discourage or deter the reporting of or responding to sexual harassment and interpersonal misconduct.

“Immediately following its establishment, under the authorities granted by the Board of Directors, the Special Committee began an expedited solicitation of law firms to engage one or more to conduct the independent review.

“The Special Committee is committed to finalizing the selection of the third–party reviewer as soon as practicable and completing the onboarding process soon thereafter.”