Who regulates banks?
That depends on the bank’s charter. There are four federal regulators – the Federal Reserve Board; the Comptroller of the Currency; the Office of Thrift Supervision; and the Federal Deposit Insurance Corporation. The FDIC also insures deposits in its member banks up to $100,000 per depositor per insured institution for regular accounts and up to $250,000 per depositor per insured institution for retirement accounts. That insurance applies to accounts in FDIC member banks that are commercial banks, thrifts and savings banks.
