Question 2: Are there other agencies (other than DFI) that regulate Hawaii-chartered or Hawaii-licensed banks, savings and loan associations, depository financial services loan companies, and credit unions?
Yes, federal agencies also regulate Hawaii-chartered or Hawaii-licensed banks, savings and loan associations, depository financial services loan companies, and credit unions. While DFI is the "primary regulator" because it is the chartering agency, each of these types of institutions is also supervised by a federal agency:
- All Hawaii-chartered banks are regulated by one of two federal agencies:
- State-chartered banks that have elected to be members of the Federal Reserve System are supervised by the Board of Governors of the Federal Reserve (FRB).
- State-chartered banks that are not members of the Federal Reserve System are supervised by the Federal Deposit Insurance Corporation (FDIC).
- All Hawaii-chartered savings and loan associations are supervised by the Office of Thrift Supervision (OTS).
- All Hawaii-licensed depository financial services loan companies are supervised by the Federal Deposit Insurance Corporation (FDIC).
- All Hawaii-chartered credit unions are supervised by the National Credit Union Administration (NCUA).
For more information on these federal regulators, including mailing addresses, telephone numbers and Web addresses, click on "Federal Regulators". To go directly to an agency's Web site, click on the agency's name.
