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State of Connecticut Department of Banking - The Department of
Banking is a state government agency responsible for the regulation of financial
institutions and related entities. Its mission is to protect users of financial
services from unlawful or improper practices by requiring that regulated
entities and individuals adhere to the law, assuring the safety and soundness of
state chartered banks and credit unions, educating and communicating with the
public and other stakeholders, and promoting cost-efficient and effective
regulation. The agency is divided into three line divisions responsible for
specific types of financial institutions or types of transactions, as well as
other divisions that support the department functions.
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Federal Deposit Insurance
Corporation - The FDIC supervises banks, insures deposits up to $100,000 and
helps maintain a stable and sound banking system, as an independent agency
created by Congress in 1933.
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The Federal
Reserve - The Federal Reserve, the central bank of the United States, was
founded by Congress in 1913 to provide the nation with a safer, more flexible,
and more stable monetary and financial system.
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