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#478455 - 01/04/06 11:57 PM CHARTER AGENCIES
Regsandstats05 Offline
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Joined: Dec 2005
Posts: 11
I am working on updating our electronic compliance manual for our in-house staff. Under charter agencies, it is my understanding that the following pertain to financial institutions.

OTS- Federal Savings Bank and Thrift & Loan Companies

OCC- Federal Banks and NA (National Association)

NCUA- Federal Credit Unions

However, it was brought to my attention that I should include FDIC, because it is the agency that regulates state chartered banks. Although the FTC (Federal Trade Commission) is not considered an agency that charters financial institutions per se, I was told that it is the appropriate agency that regulates non-depository finance lenders, e.g., mortgage companies. Therefore, I should be including both agencies. Also can anyone provide a definition or point me to a source on the FDICís regulatory function? Thanks

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#478456 - 01/05/06 01:03 AM Re: CHARTER AGENCIES
flaire Offline
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sw us
Hello, triple a? I got locked out of my mind...

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#478457 - 01/05/06 03:35 AM Re: CHARTER AGENCIES
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
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The Federal Reserve regulates state chartered banks that are Fed members. The FDIC regulates those that are not Fed members.

The Fed is here .

Each regional fed bank also has a site, such as NY Fed.

The Fed also regulates bank holding companies.

The FTC is here.
Kathleen O. Blanchard, CRCM "Kaybee"
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#478458 - 01/05/06 01:43 PM Re: CHARTER AGENCIES
Rocky P Offline
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You refer to charter agencies.

Technically, the banking departments of each state charter and regulate their own state thrifts, banks (commercial, industrial or other) and credit unions, [the ones not federally or nationally chartered] and in conjunction with federal insurers (FDIC, OTS and CUNA) can pull their charters. You would have to link to each of the state websites.
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