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Bank supervisory agency is any authority or agency that is entrusted with the duty of regulating the proper functioning of banking institutions.
Following is an example of a state statute defining a bank supervisory agency. Alabama state statute [Code of Ala. § 5-13B-41] defines the term Bank Supervisory Agency as follows:
The term "bank supervisory agency" means:
(1) The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and any successor to these agencies;
(2) Any agency of another state with primary responsibility for chartering and supervising banks; and
(3) Any agency of a country, including any colonies, dependencies, possessions, or political subdivisions thereof, other than the United States.