Banking Links

  • 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.
     
  • 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.
     
  • 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.