Supervision & Regulation
Supervision & Regulation promotes the safety and soundness of the banking system, fosters stability in financial markets, ensures compliance with applicable laws and regulations, and encourages 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.
Applications Group 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 ensures 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 and Regional Bank Supervision Group oversees state member banks, bank holding companies, and savings and loan holding companies with assets below $50 billion. Supervisory work is supported by specialty risk teams for Consumer Compliance, Operations Risk, Market and Liquidity Risk, Capital Assessment, Information Technology, Credit Risk, Wealth Management, and BSA/AML.
Consumer Compliance examines state member banks to ensure compliance with consumer laws and regulations, including fair lending, and to encourage lending, investment, and services in communities in which they operate throughout the Sixth District.
For assistance with consumer complaints, please contact:
Federal Reserve Consumer Help (FRCH)
(888) 851-1920; Fax: (877) 888-2520
International Supervision Group provides supervisory oversight of foreign banking operations within the Federal Reserve System's Sixth District 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 relationships with strategic partners in the areas of private banking, anti–money laundering, and supervision of foreign banking organizations.
Large Bank Supervision Group supervises three large banking organizations (LBO), each with total assets exceeding $50 billion. The supervisory teams are also supported by specialty risk teams for Consumer Compliance, Operations Risk, Market and Liquidity Risk, Capital Assessment, Information Technology, Credit Risk, Wealth Management, and BSA/AML.
Risk and Resiliency Group provides specialized support to Sixth District supervisory teams across all bank portfolios. The group includes specialists in the following areas: capital assessment and modeling, market and liquidity risk, credit, operations, fiduciary/wealth management, surveillance/analytics, macroeconomic analysis, and research. The Group emphasizes early identification and monitoring of emerging risks, which could threaten financial stability and individual institutions. In addition to providing relevant examination support, the Group contributes to a wide variety of national supervisory initiatives, training, and outreach efforts.