A state-chartered bank which is not a member of the Fed is regulated by which of the following?

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A state-chartered bank that is not a member of the Federal Reserve System is regulated by its state banking authority (such as the state banking department) or by the FDIC (for deposit insurance purposes). The comptroller of the currency only regulates national banks (those with "national" in their name) which are federally chartered. The Federal Reserve System only directly regulates member banks (which are primarily nationally chartered banks) and has indirect regulatory authority over other types of banks through its supervisory role in the overall stability of the banking system.

A State-Chartered Bank Which Is Not a Member of the Fed