Other Supervisory Activities
The
Federal Reserve conducts onsite examinations of banks to ensure compliance with
consumer protection laws as well as compliance in other
areas, such as fiduciary activities, transfer agency, securities clearing
agency, government and municipal securities dealing, securities credit lending,
and information technology. Further, in light of the importance of information
technology to the safety and soundness of banking organizations, the Federal
Reserve has the authority to examine the operations of certain independent
organizations that provide information technology services to supervised
banking organizations
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