The Federal Reserve Bank has primary responsibility for the supervision and regulation of

Question

BlackTom AI · Accepted Answer

The question asks which entity falls under the Federal Reserve Bank's primary responsibility for supervision and regulation.
Option 1: 'foreign bank operations outside the U.S.' These are generally overseen by U.S. federal banking regulators in conjunction with home country regulators, but the Fed is not primarily responsible for foreign operations outside the U.S.
Option 2: 'state-chartered member banks.' This is the correct choice. State-chartered banks that choose Federal Reserve membership fall under the Fed's primary supervision and regulation, while nonmember state-chartered banks are supervised by state regulatory authorities. The Fed also supervises bank holding companies and certain other institutions, but the key pair here is state-chartered banks that elect Fed membership.
Option 3: 'credit unions.' Credit unions are regulated by the NCUA, not the Federal Reserve, so this is incorrect.
Option 4: 'banks chartered by the OCC.' Banks chartered by the Office of the Comptroller of the Currency are national banks; they are regulated by OCC, not the Federal Reserve, so this is incorrect.
Option 5: 'foreign bank operations in the U.S.' While the Fed may have some oversight roles in certain contexts, primary supervision of foreign bank operations in the U.S. is typically shared or assigned to other agencies depending on the structure, so describing it as the Fed's primary responsibility is inaccurate.
Option 6: 'Edge act and agreement corporations.' These entities are special-purpose affiliates often supervised by the Fed, but labeling them as the Fed's primary responsibility would be overly broad and misleading for the general question about primary responsibility.
Option 7: 'bank holding companies.' The Fed has primary supervision of bank holding companies, but since the question presents a specific pairing, this option is not the best single-answer choice given the focus on state-chartered banks that elect Fed membership.
Option 8: 'state-chartered nonmember banks.' These banks are supervised by state regulators, not the Federal Reserve, making this option incorrect.
Overall, option 2 best matches the established division of supervisory authority: the Federal Reserve has primary responsibility for supervising and regulating state-chartered member banks, while other entities have different primary regulators.

The Federal Reserve Bank has primary responsibility for the supervision and regulation of

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The Federal Reserve Bank has primary responsibility for the supervision and regulation of

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类似问题

Which of the following statements is false?

Countries around the world adopt bank regulation broadly consistent with the framework issued by the Basel Committee because

The net regulatory burden on financial institutions refers to:

The supervisory and regulatory activities of each Federal Reserve Bank in its district includes the authority to do which of the following?

Each Federal Reserve Bank has supervisory and regulatory authority over the activities of Blank ______ and Blank ______ located in their districts.

Nationally chartered banks ("National Banks") are those chartered through the

In the area of bank supervision, which of the following are functions of the Federal Reserve Banks? Examinations of state member banks Approval of member bank and bank holding company acquisitions Deposit insurance

The regulation required under Basel II is more costly than that required under Basel III, due to the higher liquid assets requirements and the higher levels of primary capital.

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希望你的学习变得更简单

Each Federal Reserve Bank has supervisory and regulatory authority over the activities of Blank and Blank located in their districts.