Supervision of foreign banks operating in the United States is vested in the Office of the Comptroller of the Currency; a part of the U.S. Treasury Department.

Question

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The supervision of foreign banks operating in the United States is shared among various regulatory bodies, including the Federal Reserve, the Office of the Comptroller of the Currency (OCC) for branches and agencies of foreign banks, and state banking authorities, depending on the structure and operations of the foreign bank in question. The OCC, while a key regulator, is not the sole entity responsible for supervising foreign banks in the U.S.

Supervision of Foreign Banks Operating in the United States Is