Appropriate Federal Financial Supervisory Agency [Banks & Banking] Law and Legal Definition

Pursuant to 12 USCS § 2902 (1) [Title 12. Banks and Banking; Chapter 30. Community Reinvestment], the term appropriate Federal financial supervisory agency means--

“(A) the Comptroller of the Currency with respect to national banks;

(B) the Board of Governors of the Federal Reserve System with respect to State chartered banks which are members of the Federal Reserve System and bank holding companies;

(C) the Federal Deposit Insurance Corporation with respect to State chartered banks and savings banks which are not members of the Federal Reserve System and the deposits of which are insured by the Corporation; and

[(D)] (2) [section 8 of the Federal Deposit Insurance Act, by] the Director of the Office of Thrift Supervision, in the case of a savings association (the deposits of which are insured by the Federal Deposit Insurance Corporation) and a savings and loan holding company.”