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Federal R eserve Bank
OF DALLAS
ROBERT
D. M c T E E R , J R .
DALLAS, TEXAS
7 5 2 6 5 -5 90 6
P R E S ID E N T
AND
C H IE F
E X E C U T IV E
O F F IC E R
July 24, 1996
Notice 96-67
TO:
The Chief Executive Officer of each
member bank and others concerned in
the Eleventh Federal Reserve District
SUBJECT
Adoption of a State/Federal Supervisory Protocol
DETAILS
The Board of Governors of the Federal Reserve System, the Federal Deposit
Insurance Corporation, and the Conference of State Bank Supervisors announced the
adoption of a State/Federal Supervisory Protocol for the coordinated supervision of
state-chartered banking organizations that operate across state lines. The Protocol,
accompanied by a Model Agreement, is designed to reduce regulatory burden and
improve the efficiency of bank examinations.
ATTACHMENT
A copy of the Protocol and Model Agreement is attached.
MORE INFORMATION
For more information, please contact Basil Asaro at (214) 922-6066. For
additional copies of this Bank’s notice, please contact the Public Affairs Department at
(214) 922-5254.
Sincerely yours,
J9.
.
For additional copies, bankers and others are encouraged to use one o f the following toll-free numbers in contacting the Federal
Reserve Bank o f Dallas: D allas O ffice (800) 333 -4460; E l Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; H ouston
Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San A n tonio Branch Intrastate (800) 292-5810.
This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
STATE/FEDERAL SUPERVISORY PROTOCOL
Statement of Purpose and Applicability
The overall purpose o f this Protocol is to outline a basic fra m e w o rk for
supervising state-chartered banks w ith interstate branches.
A cco rd in g ly, the goals and guiding principles o f this Protocol apply to
any m ulti-state, state chartered b a n k .1 The e x te n t to w h ic h the
specific elem ents w ill apply depends upon the size and c o m p le x ity of
the subject bank; all elem ents w ou ld norm ally apply to interstate
banks w ith to tal assets over $1 billion.
I.
Goals and Guiding Principles
A.
The goals of the Board o f Governors of the Federal Reserve System
(the "B oard"), the Federal Deposit Insurance C orporation (the "FDIC")
and the State Banking D epartm ents are to prom ote the safety and
soundness o f financial institu tion s; to supervise and examine in a
seamless, flexible and risk-focused manner; to minimize regulatory
burden and expense; and to fo ster co n sisten cy, co ordination, and
c o m m un ica tion among the appropriate Federal and State regulators.
B.
To achieve these goals, the Board, the FDIC and the State Banking
D epartm ents resolve to:
The m ost fu nd am ental objectives of th e Protocol, i.e. coordination, flexibility, and consistency, would
apply to any state chartered bank.
1
1.
C oordinate the supervisory process to achieve a seamless and
flexible regulatory program fo r state-chartered banks w ith a
m ulti-state presence.
a.
Recognize the Home State S upervisor2 as the single point
o f state c o n ta c t fo r a particular interstate bank co n sisten t
w ith the CSBS Protocol adopted April 20, 1 9 95 . The
Responsible Federal Reserve Bank and the Responsible
FDIC Regional O ffice, respectively, w ill coordinate
prim arily w ith the Home State S upervisor fo r state
m em ber banks and state nonm em ber b a n ks.3
2.
Develop a supervisory program th a t is tailored to a ba nk's
co ndition and risk profile and th a t specifically recognizes and
addresses its unique characteristics.
3.
C oordinate fu lly the applications process by prom oting
c o n sisten cy in approach and developing co m m on form s.
4.
Provide info rm a tio n to a m ulti-state bank as to the law s and
regulations governing its operations and the general regulatory
policies and standards applicable to its supervision process.
See appendix for definitions.
3
In bank holding com panies w ith multiple state-cha rtere d subsidiary banks, the Responsible Federal
Reserve Bank for th e holding co m p any will coordin ate w ith the appropria te parties to ensure the principles of this Protocol
are applied on a consolidated basis.
2
II.
Supervisory Process
A.
Supervisory Plan
1.
The Home State Supervisor and Responsible Federal A g e ncy
w ill each ide n tify a specific individual responsible fo r developing
and coordinating the supervisory process fo r each state
chartered bank operating in more than one state.
These
individuals w ill, among other things, serve as the liaison w ith
bank m anagem ent and w ill ensure th a t the principles o f this
Protocol are achieved.
2.
The Home State Supervisor and Responsible Federal A g e ncy
will jo in tly develop and update, as needed, a com prehensive
supervisory plan covering an agreed upon planning horizon for
each bank. This plan will take into consideration the bank's
organizational stru ctu re and risk p ro file .4 It w ill address the
scheduling and tim ing for safety and soundness and specialty
e xam in a tion s5 and/or targeted review s, off-site m onitoring
program s, and meetings w ith bank m anagem ent.
3.
The Home State Supervisor and Responsible Federal A g e ncy
will take all necessary steps to im plem ent the supervisory plan
In developing the risk based supervisory plan, consideration will be given to th e degree of reliance th at
can be placed on th e institution's internal control/com pliance functions, as well as external audit, as appropriate.
For exam ple, Trust, In formatio n S ystem s and Consum er A ffa irs /C R A Examinations.
3
and w ill coordinate w ith Host States and Local Federal Reserve
Banks or Local FDIC Regional Offices.
B.
Examinations
1.
The over-riding goal o f this Protocol is to minimize regulatory
burden and maximize e fficie n cy by c o n du ctin g jo in t or
alternating e xa m in a tion s.6
2.
The scope o f on-site exam inations w ill be jo in tly developed
during the pre-exam ination period fo r jo in t exam inations.
The
Home State Supervisor and Responsible Federal A g e n cy w ill
consult, as appropriate, on the scope o f alternate exam inations.
The scoping process will fo cu s on ensuring exam inations are
risk-focused.
3.
Based on this planning, the Home State Supervisor and
Responsible Federal A g e n cy w ill prepare a single jo in t entry
letter fo r jo in t exam inations.
W ith an emphasis on reducing
regulatory burden, entry letters fo r both jo in t and alternate
exam inations w ill request info rm a tio n critical to the exam ination
process or off-site evaluation, thereby minim izing on-site
e fforts.
Joint exam inations will normally be used for th e larger, more com plex organizations; alternate
exam inations are generally reserved for small organizations.
4
4.
The Home State Supervisor and Responsible Federal A g e ncy
w ill coordinate off-site and on-site exam ination w o rk and will
make every e ffo rt to avoid d uplicative info rm a tio n requests.
Examiners w ill coordinate requests fo r critical inform ation
related to centralized fu n ctio n s, such as risk m anagem ent or
credit review , th a t cross legal e n tity lines.
5.
For jo in t exam inations, the Home State Supervisor and
Responsible Federal A g e n cy w ill prepare a jo in t exam ination
report th a t clearly and concisely identifies supervisory issues
and any required corrective a c tio n .7
C.
Supervisory Actions
1.
The Home State Supervisor and Responsible Federal A g e ncy
w ill, in all cases, co n sult one another regarding supervisory
actions.
2.
W hen the Home State Supervisor and Responsible Federal
A g e n cy jo in tly deem th a t a fo llo w -u p supervisory action is
w arra n te d , both agencies w ill take any necessary steps to
develop and im plem ent a jo in t action.
For exam inations conducted under the alternating program, th e ag ency conducting th e exam ination will
prepare th e exam ination report.
III.
Communications
A.
The individuals designated by the Home State S upervisor and
Responsible Federal A g e n c y as responsible fo r a particular bank will
take all necessary steps to fa cilitate clear co m m un ica tion and
info rm a tio n sharing in order to reduce burden on the in s titu tio n and to
keep each oth e r inform ed o f developm ents pertin e n t to supervision of
the b a n k .8
B.
N othing in this Protocol preem pts any s ta tu to ry or regulatory
obligation o f a bank to provide specific info rm a tio n or file required
reports w ith a Federal or State supervisor.
A s appropriate, th e Responsible Federal A g e n c y and H om e S ta te Supervisor will take any necessary steps
to co m m u n icate w ith Local Federal Reserve B anks/FDIC Regional Offices and H ost S tate Supervisors, respectively.
6
IV.
Applicable Law
A.
The Board, the FDIC and the State Banking D epartm ents recognize
th e y may n o t necessarily be em pow ered to w aive provisions o f Home
or Host State law d ire ctly applicable to m ulti-state banks or their
branches in Host States.
H ow ever, to assist m ulti-state, state-
chartered in stitu tion s and their counsel in resolving issues of
applicable law , the Board, the FDIC and the State Banking
D epartm ents agree th a t these issues may be addressed using the
fo llo w in g general principles.
1.
Host State law shall apply generally to the operations o f a
branch o f a m ulti-state bank in the Host State including: (i)
a n titru st law and deposit co n cen tra tio n limits; (ii) c o m m u n ity
reinvestm ent and similar law s; (iii) consum er p rote ction laws,
including lending and usuary law s to the e x te n t th a t law s or
c o u rt decisions regarding the exp ortatio n o f interest rates are
inapplicable; (iv) fair lending or equal credit laws; and (v)v other
operational m atters w here c o m pe titive equality w ith host state
banks may be an issue.
2.
Home State law shall apply generally to the corporate structure
and internal policies and procedures o f a m ulti-state bank
including: (i) charter and b ylaw s; (ii) incorporation and
dissolution; (iii) board o f directors and m anagem ent; (iv) capital;
7
(v) loans, lending lim its and investm ents; (vi) com m on tru s t
funds; (vii) dividends; (viii) inde m n ifica tio n o f dire cto rs and
officers; (ix) s to c k and debt; and (x) stru ctu re o f bank
subsidiaries.
3.
These provisions are n o t intended to supersede any cooperative
agreem ents betw ee n the states.
Applications
A.
The Home State Supervisor and the Responsible Federal A g e n c y will
closely coordinate on all applicable applications m atters.
1.
The Home State Supervisor and the Responsible Federal A g e ncy
w ill take all appropriate actions to ensure th a t applications filed
by m ulti-state banks are processed in a coordinated and tim e ly
fashion by their respective agencies.
2.
Com m on applications fo rm s and applications requirem ents,
such as co n cu rre n t processing periods, will be developed to the
e xte n t practicable under State and Federal law .
3.
To the e xte n t th a t applications form s differ, the Home State
Supervisor and the Responsible Federal A g e n c y will accept
needed inform ation contained on the other a g e n cy's form s,
w here practicable.
APPENDIX
Definitions and Abbreviations
•
"H om e State" means the state w here a state-chartered, m ulti-state
bank is chartered.
•
"H om e State S upervisor" means the bank supervisory agency o f the
Home State o f a m ulti-state bank.
•
"H o s t State" means a state other than the Home State o f a bank
w here the bank m aintains a branch.
•
"Local FDIC Regional O ffice " means an FDIC regional office, other
than the Responsible FDIC regional office, w here a state nonm em ber
bank m aintains a branch.
•
"Local Federal Reserve Bank" means a Federal Reserve d is trict, other
than the Responsible Reserve Bank's d istrict, w here a m em ber M ultiState Bank m aintains a branch.
•
"Responsible FDIC Regional O ffice " means the FDIC regional office
w ith responsibility fo r coordinating the FDIC's supervision process for
a state nonm em ber bank.
•
"Responsible Federal Reserve Bank" means the Federal Reserve Bank
w ith responsibility fo r coordinating the Federal Reserve's supervision
process for a state mem ber bank.
•
"Responsible Federal A g e n c y " means either the Responsible Federal
Reserve Bank or Responsible FDIC Regional O ffice fo r state m em ber
banks and state nonm em ber banks, respectively.
9
State/Federal
Model Agreement
STATE/FEDERAL MODEL AGREEMENT
This A gre em e n t is made and entered into by and betw een the [Federal
Reserve Bank o f _______________________ (the "FRB- fc itv l- ")1f
___________________ region o f the Federal D eposit Insurance C orporation (the
"FDIC- fc itv l
")1 and the [S uperintendent][C om m issioner] o f Banks o f the
[S ta te H C o m m on w ea lth ] o f _________________ ("[S u p e rin te n d e n t][C o m m issio n e r]")
(collectively the "Parties") on t h i s _______day o f _____________, 19 9 ______ .
I.
Statement Of Purpose
A.
Goals
The Parties recognize th a t state-chartered banks will establish
interstate branches creating a com pelling need fo r enhanced
cooperation among Federal and State regulatory agencies. The goals
o f the Parties to this A greem ent are to:
(1) provide fo r a seamless
supervisory process; (2) ensure th a t supervision is flexible and
com m ensurate w ith the organization's risk; and (3) minimize
regulatory burden and cost.
l
B.
Responsibilities
1.
The [S u p e rintendent][C om m issioner] has adopted the CSBS
Interstate Banking and Branching Supervision Protocol, dated
April 20, 1995 (the "CSBS P rotocol".)
The CSBS Protocol
governs the supervisory responsibilities among the state
banking authorities o f states in w h ic h a M ulti-S tate Bank
operates.
2.
The Board o f Governors o f the Federal Reserve System (the
"Board o f Governors") and the Federal Deposit Insurance
C orporation (the "FDIC") recognize the responsibility o f the
Home State Supervisor to coordinate the in vo lve m e n t o f Host
State Supervisors in the supervision and exam ination o f M ultiState Banks, as set fo rth in the CSBS Protocol.
3.
The State Banking D epartm ents, the Board o f Governors and
the FDIC have adopted the State/Federal Supervisory Protocol,
(the "State/Federal P rotocol"), w h ic h is attached as Exhibit 1,
and w h ic h outlines the responsibilities o f the Responsible
Federal A g e ncy and Home State Supervisor fo r a M ulti-S tate
Bank. This A gre em e n t b etw een the Parties im plem ents the
State/Federal Protocol and sets fo rth the procedures to fulfill its
goals and term s.
2
II.
Supervision And Examination Process
The Parties agree to adopt and im plem ent the procedures fo r the supervision
and exam ination o f M ulti-S tate Banks as set fo rth in the State/Federal
Protocol and, at a m inim um , to take the fo llo w in g steps:
A.
W ith in 3 0 days o f the date o f this A greem ent, the Parties w ill identify
the M ulti-S tate Banks covered by the supervisory program set fo rth in
the State/Federal Protocol and this Agreem ent.
On a quarterly
basis,
the Parties w ill review this list and, as needed, update it.
B.
W ith in 60 days o f the date of this Agreem ent, the Parties w ill each
designate a Primary C on tact Person for each o f the subject M ulti-S tate
Banks. A m o n g other things, these individuals will jo in tly coordinate
the supervisory and exam ination responsibilities o f their respective
agencies according to the principles o f the State/Federal Protocol and
this A greem ent.
The Parties and the Primary C on tact Persons, in
particular, w ill take all necessary steps to ensure th a t the goals o f the
State/Federal Protocol and this A greem ent, including a risk-focused,
seamless supervisory process, are achieved.
C.
The Primary C ontact Persons w ill develop and, as needed, update a
w ritte n com prehensive supervisory plan th a t covers an agreed upon
period and provides fo r an e ffective and e ffic ie n t supervision process
tailored to the M ulti-S tate Bank's organizational s tru ctu re and risk
profile.
In developing and updating the com prehensive supervisory
3
plan, the Parties w ill consider the v ie w s o f the Local Federal Reserve
Banks, the FDIC Regional O ffices and the Host State Supervisors, as
appropriate.
The com prehensive supervisory plan w ill include:
1.
A risk assessment o f the organization;
2.
The exam ination plan described in Section II.D. o f this
A greem ent;
3.
Schedules fo r exam ination planning meetings;
4.
Estimated resource requirem ents fo r
c o n d u c tin g on-site
exam inations;
5.
Review and assessment of pending issues, such as
the
status o f applications and com pliance w ith e n fo rce m e n t
actions;
6.
O ff-site m onitoring plans; and
7.
Such other m atters as are necessary to prom ote the
safety and soundness o f the organization.
D.
The Primary C ontact Persons w ill ensure th a t, as
part o f the
com prehensive supervisory plan, a w ritte n exam ination plan is
developed th a t details the typ e , tim ing and location o f on-site safety
and soundness and s p e c ia lty 1 exam inations.
The exam ination plan
w ill take into consideration the risk profile o f the organization, its
stru ctu re , and managerial preferences concerning certain aspects of
1
Trust, In formatio n S ystem s, and Consum er A ffa irs /C R A Examinations.
4
the exam ination process (Le^, a preference fo r a series o f ta rg e t
exam inations versus a preference fo r all on-site exam inations to be
conducted sim ultaneously), and each a g e n cy's on-site exam ination
cycle m andates.
In tailoring the supervisory program , the exam ination
plan w ill take into consideration the o rga nization's internal
c o n tro l/com p lia n ce fu n ctio n s , as w ell as the external audit, as
appropriate.
E.
S afety and soundness exam inations w ill generally be condu cte d on a
jo in t basis.2 A jo in t exam ination will be condu cte d by an exam ination
team com prised o f representatives fro m both agencies w h ic h w ill
issue a single exam ination report.
F.
N o tw ith s ta n d in g the above provisions, the [FRB-_____ ] [FDIC-_____ ] or
the [D epartm entH C om m ission] may c o n d u c t independent or special
exam inations in exceptional circ u m s ta n c e s .3 The regulator initiating
the independent or special exam ination w ill make every e ffo rt to
provide appropriate notice to the other regulators prior to com m encing
the exam ination.
G.
The Parties m ay agree to have one exam iner-in-charge (the "EIC") or
may each assign a co-EIC to manage the on-site, jo in t exam ination.
2
This is not intended to supersede existing A ltern ate Exam inatio n Programs ("A E P ".) A n AEP exam ination will be
conducted by either the [FRB-_____ ] [FDIC -_____ 1 or th e [D ep artm entH C o m m ission ], w h ich will also issue the exam ination
report.
3
For exam ple, w h e re th ere is significant sa fe ty and soundness risk.
5
All necessary steps w ill be taken to ensure th a t all aspects o f the
exam ination process are fu lly coordinated and th a t d u plication is
avo id e d.4
The Primary C o n ta ct Persons and/or the EICs, as appropriate, will
meet to:
1.
Develop the exam ination fo cu s and scope;
2.
Develop procedures fo r com piling o ff-site and on-site
exam ination-related inform ation;
3.
Develop a jo in t entry letter to be sent at l e a s t _____
w eeks prior to the sta rt o f the exam ination th a t requests
essential inform ation and materials, preferably internal
bank reports, fo r o ff-site review , th e re by m inim izing o n
site e ffo rts and their associated burden;
4.
Determine appropriate s ta ffing levels and assign
responsibilities for exam ination staff;
5.
Develop procedures fo r coordinating info rm a tio n requests
during the exam ination;
6.
Schedule m eetings w ith m anagem ent; and
7.
Determine a fo rm a t fo r the exam ination report and assign
responsibilities fo r w ritin g and processing the
Steps will also be ta k e n to avoid duplication in specialty exam inations.
appropriate.
The procedures described herein
exam ination report, including tim efram es fo r com pletion,
as required by Sections II.H. and II.I o f this A greem ent.
H.
All examiners involved in an exam ination w ill perform the
responsibilities assigned and p ro m p tly report the findings, conclusions
and recom m endations in the fo rm requested, to g e th e r w ith supporting
papers to the EIC or their a g en cy's co-EIC.
I.
The exam ination report will be prepared using an agreed-upon fo rm a t
and w ill be fo rw a rd e d to the in stitu tion w ith in 45 days fro m the close
o f the exam ination, w h ic h is defined as the date o f the e xit in te rv ie w
w ith m anagem ent.
The e xit inte rvie w s w ill take place w ith in 1 5
calendar days fro m the close o f all on-site activities.
III.
Supervisory Actions
A.
The Parties w ill, in all cases, co n sult one another regarding
investigations and supervisory actions involving a M ulti-S tate Bank.
B.
W hen the [FRB-____] [FDIC-_____ ] and the [D epartm entH C om m ission]
jo in tly deem th a t a fo llo w -u p supervisory action against a M ulti-S tate
Bank is w arranted, both agencies w ill co n sult one another and
coordinate the d rafting and im plem entation.
7
IV.
Supervisory Information
A.
A n y info rm a tio n provided by a Party to another Party will be treated
as confidential supervisory info rm a tio n , unless o th e rw ise specified by
the providing Party, and w ill remain the p rop e rty o f the providing
Party.
A Party will use confidential supervisory info rm a tio n only for
purposes d ire c tly related to its supervisory responsibilities.
B.
The [FRB-_____][FDIC-_____ ] may disclose to the Local [Federal
Reserve Banks][FDIC Regional O ffices] confidential supervisory
info rm a tio n obtained fro m the [D epartm entH C om m ission] if such
disclosure is d irectly related to the Local [Federal Reserve
Banks'HFDIC Regional O ffic e s '] responsibilities.
Similarly, the
[D epartm entH C om m ission] may disclose to the Host State Supervisors
c o n fidential supervisory info rm a tio n obtained fro m the [FRB_____HFDIC-_____ ] if such disclosure is d ire ctly related to the Host
State S upervisor's supervisory responsibilities.
C.
W henever a Party receives an access request fro m another federal or
state adm inistrative agency, or a subpoena, d isco ve ry request or other
legal process th a t w ou ld require the disclosure o f confidential
inform ation obtained fro m the other Party, the Party will p ro m p tly
n o tify the providing Party.
Except as provided in Section IV.B. o f this
A greem ent, no Party w ill disclose to another person, agency or entity
(other than the subject organization) confidential supervisory
8
info rm a tio n obtained fro m the other Party w ith o u t furnishing prior
notice to the providing Party and unless the providing Party consents
to the disclosure or the disclosure is required by law , regulation, co u rt
order or other legal process.
As appropriate, the Parties will cooperate
in the preparation o f any m em oranda or pleading deemed desirable by
the Parties to p rote ct the co n fid e n tia lity o f the inform ation.
V.
Applications
A.
The Responsible Federal A g e n cy and [S u p e rintendent][C om m issioner],
and the Home State Supervisor have prim ary responsibility for
deciding any application subm itted by a bank as required under
Federal and State law , respectively.
1.
W hen available, similar (if not identical) applications fo rm s will
be used fo r applications required by both Federal and State law.
2.
For applications required by both Federal and State law , the
[FRB-_____][FDIC-_____ ] or the [D epartm entH C om m ission] will
p ro m p tly exchange copies o f any applications received.
W henever a M ulti-S tate Bank has subm itted an application only
to either the [FRB-_____] fFDIC-_____ ] or the
[D epartm entH C om m ission], the Party receiving the application
will p ro m p tly provide a co p y o f the application to the other
Party.
W here appropriate, the [FRB-_____HFDIC-_____ ] and the
9
[D epartm entH C om m ission] w ill jo in tly coordinate any requests
fo r additional info rm a tio n fro m the applicant and w ill share any
changes to the application subm itted by the applicant.
3.
The Responsible Federal A g e n cy and the
[S u p e rintendent][C om m issioner] will each reach a decision
regarding the application and w ill co m m un ica te this decision to
the applicant and to each oth e r in a tim e ly manner.
B.
The Responsible Federal A g e n cy has a u th o rity fo r all applications
required by Federal law , and will p ro m p tly furnish the
[S uperintendentH C om m issioner] w ith a copy o f the decision.
C.
The [SuperintendentH C om m issioner] has a u th o rity fo r
all applications
required by State law , and will p ro m p tly furnish the Responsible
Federal A g e n c y w ith a copy o f any Home or Host State decision.
V I.
Resolution Of Significant Differences
A.
The Parties w ill make every e ffo rt to resolve any sign ifica nt
differences concerning the supervision o f M ulti-S tate Banks.
B.
In those m atters where, despite their best e ffo rts , the
Primary C on tact
Persons fo r the Parties ca n no t resolve a sig n ifica n t difference
concerning the supervision o f M u lti-S tate Banks, the m atters will
im m ediately be referred to t h e ___________________________ o f the
[FRB-_____HFDIC-_____ ] and to the [S uperintendentH C om m issioner].
10
VII.
Miscellaneous
A.
W henever this A g re em e n t provides fo r a notice to be given to
a Party,
the notice w ill be given in w ritin g .
B.
A Party may term inate this A gre em e n t by giving notice to the
Party.
other
The term ina tio n s shall be e ffe c tiv e 30 days a fter the date of
the notice.
C.
This A gre em e n t may be amended only by a w ritte n in stru m e n t
signed
by each o f the parties.
D.
This A g re em e n t m ay be executed in counterp a rts and shall become
e ffe c tiv e w he n all parties have executed the original or a co u n te rp a rt
signature page.
VIII. Definitions
•
"H om e State" means the state w here a state-chartered, M ulti-S tate
Bank is chartered.
•
"H om e State Supervisor" means the bank supervisory agency o f the
Home State o f a M ulti-S tate Bank.
•
"H o s t State" means a state other than the Home State o f a M ultiState Bank w here the bank m aintains a branch.
•
"H o s t State Supervisor" means the bank supervisory agency o f a Host
State o f a M ulti-S tate Bank.
•
"Local FDIC Regional O ffice " means a FDIC regional o ffic e oth e r than
the region o f the Responsible FDIC Regional O ffice w here a
nonm em ber, M ulti-S tate Bank m aintains a branch.
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•
"Local Federal Reserve Bank" means a Federal Reserve d is tric t other
than the Responsible Reserve Bank's d is tric t w here a m em ber M ultiState Bank m aintains a branch.
•
"M u lti-S ta te Bank" means a state-charter bank th a t operates a branch
or branches in a state oth e r than its Home State.
•
"P a rty " means the signatories to this A greem ent.
•
"Responsible FDIC Regional O ffice " means the FDIC regional o ffice
w ith responsibility fo r coordinating the FDIC's supervision process for
a state nonm em ber bank.
•
"Responsible Federal Reserve Bank" means the Federal Reserve Bank
w ith responsibility fo r coordinating the Federal Reserve's supervision
process fo r a state m em ber bank.
•
"Responsible Federal A g e n c y " means either the Responsible Federal
Reserve Bank or Responsible FDIC Regional Office fo r m em ber or
nonm em ber M ulti-S tate Banks, respectively.
Signatures:
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@FedFRASER