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Saturday, November 21, 2009

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Home > About the Fed > Who We Are, What We Do > Supervising & Regulating Financial Institutions

Supervising & Regulating Financial Institutions

The Federal Reserve works with other federal and state authorities to promote safety and soundness in the operation of the financial industry and fair and equitable treatment of consumers in their financial transactions.

The Supervision, Regulation and Credit Department (SRC) of the Federal Reserve Bank of Philadelphia supervises and regulates the domestic and foreign operations of financial holding companies (FHCs), bank holding companies (BHCs), and state-chartered member banks in the Third Federal Reserve District. SRC also supervises U.S. branches, agencies, and nonbank operations of foreign banks located in the District. In our supervisory role, we assess the condition and risk-management processes of these institutions and their compliance with relevant laws and regulations. In addition as a regulator, the Federal Reserve sets specific guidelines for the structure and conduct of banking.

Finally, through our credit risk management function, we provide liquidity to all eligible Third District depository institutions through the discount window and administer the Federal Reserve System's payments system risk policy.