Supervision and Regulation


The Federal Reserve Bank of Cleveland processes several types of regulatory applications from state member banks, bank holding companies, and their shareholders, including applications to form a bank holding company or acquire another bank or bank holding company. This function is consistent with the Federal Reserve System’s supervision of state-chartered member banks and bank holding companies. Laws frequently addressed by the Federal Reserve System through the regulatory applications function include the Bank Holding Company Act, Change in Bank Control Act, Federal Reserve Act, and the Federal Deposit Insurance Act.

Refer to the Applications Filing Information page located on the Board of Governors public web site for general guidance with respect to the regulatory requirements and processing standards. If you have questions about a specific regulation, contact the corresponding member of the Supervision and Regulation staff.

Circular Letters

Circular letters announce news, policy, and guidance from the Board of Governors. To subscribe to these letters, please sign up using the Electronic Notification System.

Community Reinvestment Act Performance Evaluations

The Community Reinvestment Act (CRA) is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound banking operations. The CRA requires that each depository institution’s record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution’s application for deposit facilities.

InterAgency Collaboration Project

The InterAgency Collaboration Project is an effort between the Federal Reserve System and various regulatory agencies to collaborate and share knowledge beyond financial data. The InterAgency Collaboration Roundtable event, taking place May 9-10, 2013, will open the doors to communicating and sharing while offering attendees opportunities to network and build relationships.