Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / For each of the following banking organizations, identify which regulatory agencies (OCC, FRB, FDIC, or state banking commission) may have some regulatory supervision responsibility: a
For each of the following banking organizations, identify which regulatory agencies (OCC, FRB, FDIC, or state banking commission) may have some regulatory supervision responsibility:
a. State-chartered, non-member non holding company bank.
b. State-chartered, non-member holding company bank.
c. State-chartered member bank.
d. Nationally chartered non holding company bank.
e. Nationally chartered holding company bank.
The Federal Reserve System, one of the regulatory bodies of the United States, is responsible for regulating the state-chartered member institutions, the holding-bank entities, the external branches of the United States, the national member banks, and the states member banks. It oversees the larger banking institutions, for it is the federal overseer for bank-holding entities. Therefore, c) the state-chartered member bank and e) the nationally chartered holding company bank gets regulated by FRS.
The non-member-state chartered banks are regulated by the FDIC, an acronym for Federal Deposit Insurance Corporation. Therefore, b) the state-chartered non-member holding bank and gets overseen by the FDIC.
Since the state banking commission controls all the banking institutions in the state, then a) the state-chartered non-member non-holding bank is under the state's banking commission and the FDIC.
Lastly, the OCC, an acronym for the Office of the Controller of the Currency, oversees all the national banks' operations, making d) the nationally chartered non-holding bank to fall under the OCC's regulations.
