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Sagot :
The Federal reserve supervises and regulates many large banking institutions because it is the federal regulator for bank holding companies (BHCs).
Legislative, executive, and judicial branches of the federal government make up what is commonly referred to simply as Washington. The president, the Congress, and the federal courts are each in charge of these branches, according to the U.S. Constitution.
Banks and bank accounts are governed by both state and federal regulations. Savings institutions, national and state-chartered banks, and others may open bank accounts. All of them are governed by the law under which it was established.
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