Which of the following do NOT provide charters?
A)the Office of the Comptroller of the Currency
B)the Federal Reserve System
C)the National Credit Union Administration
D)state banking and insurance commissions

Question

Quizplus · Accepted Answer

The Federal Reserve System does not provide charters. It is primarily responsible for conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services to depository institutions and the federal government. Charters for banks and financial institutions are typically provided by the Office of the Comptroller of the Currency (for national banks), state banking and insurance commissions (for state-chartered banks), and the National Credit Union Administration (for credit unions).

Which of the Following Do NOT Provide Charters