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Who Regulates a Certain Bank or Thrift?
Four federal agencies conduct CRA examinations and enforce CRA regulations. They are the Office of the Comptroller of the Currency, Federal Reserve Board of Governors, Federal Deposit Insurance Corp. and Office of Thrift Supervision.
The Office of the Comptroller of the Currency examines nationally chartered banks. These are typically the country's largest banks, such as Bank of America and Wells Fargo. Their names are usually followed by "N.A." or "N.T. & S.A." to signify a national charter.
In contrast, both the Federal Reserve System and the Federal Deposit Insurance Corp. examine state-chartered banks; their names usually include the word "State." These lenders receive their articles of incorporation from a state banking agency, as opposed to nationally chartered lenders, which have federal articles of incorporation.
The Office of Thrift Supervision examines savings banks and loan associations. Thrifts often have the word "Federal" and the initials "FSB" or "FA" in their names.
e-Perspectives, Volume 6, Issue 3, 2006
Federal
Reserve Bank of Dallas  Community Development Office  P.O. Box 655906, Dallas, Texas 75265-5906 214-922-5377 |
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| Gloria
Vasquez Brown Vice President |
Alfreda B. Norman Assistant Vice President and Community Development Officer |
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| Jackie Hoyer Houston Branch Senior Community Development Advisor |
Julie Gunter Community Development Specialist |
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| Wenhua Di Community Development Economist |
Elizabeth Sobel Community Development Specialist |
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| Roy Lopez Community Development Specialist |
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| The views expressed are the authors' and should not be attributed to the Federal Reserve Bank of Dallas or the Federal Reserve System. Articles may be reprinted on the condition that the source is credited and a copy is provided to the Community Development Office. | ||