The principle examining activity of the Federal Reserve System is directed to
A) all state-chartered banks
B) state-chartered member banks
C) all national banks
D) all state-chartered and national banks

Question

Quizplus · Accepted Answer

The Federal Reserve System directly examines state-chartered banks that choose to be members of the Federal Reserve System, known as state-chartered member banks.

The Principle Examining Activity of the Federal Reserve System Is