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Supervision & Regulation

Supervision & Regulation seeks to promote the safety and soundness of the banking system, foster stability in financial markets, and ensure compliance with applicable laws and regulations, as well as to encourage banking institutions to responsibly meet the financial needs of their communities. Safety and Soundness areas conduct onsite examinations of domestic and international banks and bank holding companies, including specialized examinations in trust operations, information systems, capital markets, and operations risk. The Safety and Soundness areas include:

Applications Risk is responsible for evaluating banking proposals involving Sixth District bank holding companies, state member banks, and international organizations. During the evaluation period, applications risk specialists coordinate with staff from Safety and Soundness and Consumer Affairs as well as the Reserve Bank's Legal and Research Divisions to ensure that all relevant factors are consistent with approval.

Business Continuity/Crisis Management team will ensure communications occur with internal staff, state member banks, other regulators, and the Board of Governors to share pertinent and relevant information regarding the status of Federal Reserve, Bank operations, and banking conditions.

Community Affairs promotes effective community development lending, investment programs, and fair lending throughout the Sixth District through a variety of public awareness programs. The area also facilitates partnerships between public and private organizations to enhance credit delivery systems, especially in low- and moderate-income neighborhoods.

Community Bank Supervision Group encompasses approximately 70 community state member banks, ranging in asset size from $18 million to $2.8 billion, and approximately 600 community bank holding companies, including 21 bank holding companies with more than $1 billion in assets. The supervisory teams are also supported by specialty risk teams for consumer compliance, operations risk, BSA, capital markets, information technology, credit risk, and wealth management activities.

Consumer Compliance examines state member banks to ensure compliance with consumer laws and regulations and to encourage lending, investment, and services in communities in which they operate.

International conducts supervisory and examination responsibilities and pursues initiatives to better understand Latin American and Caribbean banking systems, including the growing role of Spain in the region. Additionally, International seeks to strengthen relations with strategic partners in the areas of private banking, anti–money laundering, and supervision of foreign banking organizations.

Large Bank Supervision Group (LBG) encompasses both Regional Banking Organizations (RBO) and Large Complex Banking Organizations (LCBO). There are seven banking organizations in this group, ranging in size from $8.8 billion to $180.3 billion as of the second quarter of 2007. The supervisory teams are also supported by specialty risk teams for consumer compliance, operations risk, capital markets, information technology, credit risk, wealth management activities, and BSA/AML.