Supervision

Banking supervision is responsible for ensuring compliance with laws and regulations and for assessing the safety and soundness of bank holding companies and state chartered banks that are members of the Federal Reserve. The geographic area covered includes all of New England with the exception of Fairfield County Connecticut.

Services & Resources

Appeals Process

Guidance for appeals of material supervisory determinations process, consistent with sections 309 of the Riegle Community Development and Regulatory Improvement Act of 1994, 12 U.S.C. Section 4806 as detailed in SR 95-18 (SUP)

Applications

The Federal Reserve Bank of Boston's Applications Unit is responsible for processing applications and notices submitted to the Federal Reserve System pursuant to the Bank Holding Company Act of 1956, as amended, and the Federal Reserve Act.

Community Reinvestment Act

The Community Reinvestment Act requires the Federal Reserve Bank of Boston to assess each state member bank's record of helping to meet the credit needs of its local communities consistent with safe and sound operation.

Federal Reserve Membership

Any state-chartered mutual or stock-formed bank may become a member of the Federal Reserve System. The twelve Reserve Banks supervise member banks under the System's mandate to assure strength and stability in domestic markets and the banking system.

Financial Institution Reports

The Federal Reserve System relies on the timely and accurate filing of report data by domestic and foreign financial institutions.