Which of the following is a current regulator of banks?

Question

Quizplus · Accepted Answer

The Federal Reserve System, commonly known as "the Fed," is the central banking system of the United States and serves as the main regulator of banks in the country. It supervises and regulates banks' activities and operations to maintain the stability and integrity of the banking system. The other options listed are not current regulators of banks. The Securities and Exchange Commission oversees securities markets, the Office of Thrift Supervision was abolished in 2011, and the Resolution Trust Corporation was created in the 1990s to oversee the savings and loan crisis but was dissolved in 1995.

Which of the Following Is a Current Regulator of Banks