Federal Banking Agencies

Federal banking agencies are U.S. government organizations responsible for overseeing and regulating banks and financial institutions. Their main roles include ensuring the safety and soundness of banks, protecting consumers' rights, and maintaining stability in the financial system. Key agencies include the Federal Reserve, which manages monetary policy; the Office of the Comptroller of the Currency (OCC), which charters and regulates national banks; and the Federal Deposit Insurance Corporation (FDIC), which insures deposits to protect customers’ money. Together, these agencies help create a secure banking environment for individuals and businesses.