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Banker Resources

Supervision & Regulation

The Cleveland Fed supervises approximately 270 financial institutions headquartered in the Fourth Federal Reserve District. Included in that number are commercial banks, savings and loan companies, and bank holding companies.

The focus is on financial institutions to ensure they operate in a safe and sound manner, provide fair access to credit, and comply with laws, regulations, and mandates.

So what happens when the Cleveland Fed finds something concerning with the financial performance of an institution?

Sometimes a “memorandum of understanding” is issued. This is an informal but severe action for which the member bank’s board of directors agrees to address the deficiencies identified by making the specific changes outlined in the memorandum as soon as possible. The Board of Governors can also administer formal actions, including cease-and-desist orders and civil monetary penalties.

Banking Applications

Banking market information is used in connection with applications to evaluate the effects of proposals on competition in local banking markets. The following information relates to Fourth District Federal Reserve banking markets.

Supervision & Regulation Letters

Visit the Federal Reserve Board of Governors website to access Supervision & Regulation Letters by year or by topic. To subscribe to these letters, please sign up using the Electronic Notification System.

How the regulation and supervision process works

Community Bankers: Looking for Resources?

Community Banking Connections provides guidance and tools to help community banks across the United States. The Federal Reserve System publication serves to clarify key supervisory guidance, highlight new regulation, provide perspectives from both bank examiners and Federal Reserve staff, and address challenges and concerns facing community banks, providing resources to assist them.