Question

Which regulatory agency has the primary responsibility for supervising the following categories of commercial banks? a. National banks b. Bank holding companies c. Non–Federal Reserve member state banks d. Federal Reserve member state banks e. Federally chartered savings and loan associations f. Federally chartered credit unions

Short answer

a. National banks _The Office of the Comptroller of the Currency a department of the U.S. Treasury

b. Bank holding companies _The Fed

c. Non–Federal Reserve member state banks _Federal Deposit Assurance Corporation (F D I C) and site banking authorities

d. Federal Reserve member state banks _The Federal Reserve and the state banking authorities

e. Federally chartered savings and loan associations _The Office of Thrift Supervision

f. Federally chartered credit unions _The National Credit Union Administration (NCUA)

are the responsible agencies

Step-by-step solution

Cocept Introduction

There is some regulator.y agency for the primary responsibility for supervising the following categories of commercial banks.

Explanation of a

a. The Office of the Comptroller of the Currency a department of the U.S. Treasury, is ,responsible for directing national banks.

Explanation of b

The$\mathrm{Fed}$is is responsible for directing bank holding companies.

Explanation of c

Federal Deposit Assurance Corporation (F D I C) and site banking authorities

are jointly responsible for directing non-Federal Reserve member state banks.

Explanation of d

The Federal Reserve and the state banking authorities are jointly responsible for directing Federal Reserve member state banks.

Explanation of e

The Office of Thrift Supervision is responsible for directing Federally chartered savings and loan associations.

Explanation of f

The National Credit Union Administration (NCUA) is

responsible for directing Federally chartered credit unions.

Final answer

a. National banks _The Office of the Comptroller of the Currency a department of the U.S. Treasury

b. Bank holding companies _The Fed

c. Non–Federal Reserve member state banks _Federal Deposit Assurance Corporation (F D I C) and site banking authorities

d. Federal Reserve member state banks _The Federal Reserve and the state banking authorities

e. Federally chartered savings and loan associations _The Office of Thrift Supervision

f. Federally chartered credit unions _The National Credit Union Administration (NCUA)

are the responsible agencies