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Banker Resources

Supervision & Regulation

The Cleveland Fed supervises approximately 270 financial institutions headquartered in the Fourth Federal Reserve District to ensure they operate in a safe and sound manner, provide fair access to credit, and comply with laws, regulations, and mandates. Supervised financial institutions include commercial banks, savings and loan companies, and bank holding companies.

View Fourth District State Member Banks and corresponding examination procedures.

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. Financial institutions may contact the Ombudsman regarding the appeals process for material supervisory determinations.

Learn how to appeal a financial institution's material supervisory determination.

Banking Applications

The Applications section is responsible for processing various types of applications received from bank holding companies, savings and loan holding companies, state member banks and institution affiliated parties. Click here for information relating to Fourth District Federal Reserve applications.

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.