Which regulator supervises national banks and federal savings associations?

Which regulator supervises national banks and federal savings associations?

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

Answer: (A)

The regulator for national banks and federal savings associations is the Office of the Comptroller of the Currency (OCC). The OCC has the chartering and supervisory authority over these federally chartered depository institutions, focusing on safety and soundness and compliance with banking laws. The Federal Reserve mainly oversees state-chartered banks that opt to join the Fed and bank holding companies. The FDIC insures deposits and regulates many other insured banks not under OCC, while the NCUA supervises credit unions. So for national banks and federal savings associations, the OCC is the appropriate regulator.

The regulator for national banks and federal savings associations is the Office of the Comptroller of the Currency (OCC). The OCC has the chartering and supervisory authority over these federally chartered depository institutions, focusing on safety and soundness and compliance with banking laws. The Federal Reserve mainly oversees state-chartered banks that opt to join the Fed and bank holding companies. The FDIC insures deposits and regulates many other insured banks not under OCC, while the NCUA supervises credit unions. So for national banks and federal savings associations, the OCC is the appropriate regulator.