The Federal Reserve is the only government authority that oversees U.S. banks.

Name: The Federal Reserve is the only government authority that oversees U.S. banks.
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Question

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While the Federal Reserve is a government institution that plays a significant role in regulating and supervising banks, there are other government authorities that oversee U.S. banks, such as the FDIC (Federal Deposit Insurance Corporation) and the OCC (Office of the Comptroller of the Currency).

The Federal Reserve Is the Only Government Authority That Oversees