In summary, this brief section provides you with an overview of regulatory structure in the United States. The broad purposes of bank supervision and regulation include maintaining a stable, competitive and fair banking system.

Remember, the agencies have considerable expertise on banking matters and can be a valuable resource for directors. Directors should take maximum advantage of the ability to discuss plans or ideas and supervisory issues with the agency contacts. It is easier to get advice before taking an action than correcting a problem once the transaction has been completed.