Question

Key federal regulators of the banking industry include A. OCC B. FDIC C. Federal Reserve D....

Key federal regulators of the banking industry include

A.

OCC

B.

FDIC

C.

Federal Reserve

D.

State bank regulators

E.

Office of Thrift Supervision

F.

A, B, and C

Homework Answers

Answer #1

Office of comptroller of currency will regulate all the banks and this will include both National and foreign banks.

Federal Reserve is associated with maintaining of monetary policy and management of the operations of the bank to maintain a money flow in the economy.

Federal deposit Insurance corporation will be regulating the deposits in the USA and it would be regulating the banking system

Other institutions like State Bank regulators and office of thrift supervision are also important but they are not the key regulator of the banking industry.

Correct answer will be option (F) A,B, And C

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