Who are the federal financial institution supervisory agencies?
There are four federal bank supervisory agencies: the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (FRB), Office of Thrift Supervision (OTS), and Federal Deposit Insurance Corporation (FDIC). All banks have a primary federal supervisor based upon their chartering authority. The OCC supervises all national banks, which are required by law to have the words “National,” “National Association,” or the abbreviation “N.A.” in their names. The OTS supervises federally-chartered savings banks and savings and loans associations. These institutions must have “Federal Savings Bank” or “Federal Savings and Loan” in their names, or the abbreviation “F.S.B.” or “F.S.L.” The FRB is the primary federal supervisor of all insured state-chartered banks that have become Federal Reserve members. The FDIC is the primary federal supervisor for all state-chartered, insured non-member banks.
Related Questions
- Do other federal agencies have Title VI regulations that prohibit both intentional discrimination and practices that have a discriminatory impact?
- What is the relationship between the Banking Department and the federal bank supervisory agencies?
- Who are the federal financial institution supervisory agencies?
