Question

A national bank that is part of a financial holding company or a bank holding company is mainly supervised by the:________

a. Office of the Comptroller of the Currency.
b. Federal Deposit Insurance Corporation.
c. National Credit Union Administration.
d. Federal Reserve.

Answer 1

Answer: d. Federal Reserve.

Explanation:

Normally National banks are supervised by the Office of the Comptroller of the Currency(OCC) but there are some types of banks that are supervised by the Federal Reserve.

If a bank is owned or part of a financial holding company or bank holding company, the Federal Reserve is in charge of supervising the bank to ensure that it is meeting the complex laws of US banking.