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Board Report: 2018-SR-B-010 June 20, 2018
Federal supervision of banking organizations often involves the Board, Federal Reserve Banks, and other federal banking regulators. We reviewed how Reserve Banks rely on other federal regulators to conduct consolidated supervision of regional banking organizations—each with $10–$50 billion in assets.
In accordance with applicable guidance, the Federal Reserve Banks relied on the primary federal regulator of regional banking organizations' insured depository institutions. However, the Board could establish guidelines and revise processes to improve access to and sharing of regulators' documents, as well as minimize the burden of document requests on regional banking organizations.
Our report contains recommendations.