Which regulator supervises bank holding companies, member state banks, foreign branches of member banks, foreign banks with US operations, and nonbanking activities of foreign banks?

Which regulator supervises bank holding companies, member state banks, foreign branches of member banks, foreign banks with US operations, and nonbanking activities of foreign banks?

• A. Federal Reserve System (Fed)
• B. Office of the Comptroller of the Currency (OCC)
• C. Federal Deposit Insurance Corporation (FDIC)
• D. National Credit Union Administration (NCUA)

Answer: (A)

The regulator involved is the Federal Reserve System. Its oversight covers bank holding companies, any state-chartered banks that choose to join the Federal Reserve (member banks), and the foreign operations connected to U.S. banking groups, including foreign branches of member banks and foreign banks with U.S. operations. The Fed also supervises the nonbanking activities of foreign banks operating in the United States to keep cross-border risk in check and ensure coordinated, consolidated supervision across a bank’s or bank group’s activities. Other agencies have narrower roles: the OCC regulates national banks and certain federal branches, the FDIC oversees many state-chartered, nonmember banks and administers deposit insurance, and the NCUA regulates credit unions.

The regulator involved is the Federal Reserve System. Its oversight covers bank holding companies, any state-chartered banks that choose to join the Federal Reserve (member banks), and the foreign operations connected to U.S. banking groups, including foreign branches of member banks and foreign banks with U.S. operations. The Fed also supervises the nonbanking activities of foreign banks operating in the United States to keep cross-border risk in check and ensure coordinated, consolidated supervision across a bank’s or bank group’s activities.

Other agencies have narrower roles: the OCC regulates national banks and certain federal branches, the FDIC oversees many state-chartered, nonmember banks and administers deposit insurance, and the NCUA regulates credit unions.