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There are six federal regulatory agencies that oversee the management of financial institutions: the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS).
The National Credit Union Administration: The National Credit Union Administration regulates and supervises credit unions.
The Federal Credit Union Act, passed in 1934, established the National Credit Union Administration and federally chartered credit unions in all states.
The Federal Financial Institutions Examination Council is a formal interagency body with the power to develop uniform principles, stan- dards, and report forms for the federal examination of financial institutions by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.
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