The Federal Reserve Bank of St. Louis’ supervision and regulation department is responsible for examining and inspecting state-chartered banks that are members of the Federal Reserve System, bank holding companies, savings and loan holding companies and financial holding companies. The boundaries of the Federal Reserve’s Eighth District include portions of Illinois, Indiana, Kentucky, Mississippi, Missouri, Tennessee and all of Arkansas.
The St. Louis Fed promotes a safe, sound, competitive and accessible banking system through:
Safety and Soundness Supervision: supervising and regulating Eighth District banking institutions
Consumer Affairs and CRA Supervision: effectively implementing statutes that are designed to inform and protect consumers.
Bank examiners also perform specialty examinations of other entities such as data-processing servicers, trust companies and other related financial service providers.
Supervision and Regulation staff members use a variety of reference materials to carry out their responsibilities, including:
These materials are made available to financial institutions as a resource for promoting regulatory compliance.
Supervision and regulation staff members also receive support from the division’s Supervisory Policy and Risk Analysis unit.
Do the key functions of a bank examiner appeal to you? Visit Career Central to learn what it’s like to be an examiner at the St. Louis Fed and to view our career opportunities.