National Supervisory Authority & Licensing Qualification Dossier • Asia-Pacific
U.S. Federal Reserve System
Global JurisdictionSource / Native Reference: 美国联邦储备系统
- Supervisory tier
- Tier-2
- License classes
- 2
- Licensed records
- 23
- Active / regulated
- 23
Statutory Supervisory Mandate & Scope
U.S. Federal Reserve System (U.S. Federal Reserve System) exercises statutory authority over commercial banks, deposit-taking institutions, foreign exchange dealers, and payment service providers in Global Jurisdiction.
Prudential Tier Assessment
Tier-2Tier-2 sovereign central bank and macroprudential banking supervisor for Global Jurisdiction, enforcing Basel III capital adequacy and national payment system integrity.
National licensing qualifications & statutory authorisation classes (U.S. Federal Reserve System)
Authorisation categories, permitted institutional and retail activities, minimum initial capital adequacy, and ongoing prudential solvency rules enforced by U.S. Federal Reserve System in Global Jurisdiction.
| License class / code | Official designation | Permitted institutional & retail activities | Minimum initial / base capital | Ongoing prudential & solvency rule |
|---|---|---|---|---|
| Class A / Commercial Banking Charter | Full Commercial & Institutional Banking Licence | Deposit-taking, commercial lending, interbank FX market-making, trade finance, and institutional custody. | USD $5,000,000 – $15,000,000 equivalent statutory paid-up banking capital | Minimum Basel III Total Capital Ratio ≥ 10.5%–12.5%, CET1 ≥ 7.0%, LCR ≥ 100%, and NSFR ≥ 100%. |
| EMI / Payment & FX Institution Licence | Authorised Payment Institution / Electronic Money & FX Remittance Licence | Cross-border remittance, electronic money issuance, merchant payment acquiring, and deliverable spot FX conversion. | USD $150,000 – $500,000 equivalent paid-up capital plus statutory central bank security deposit. | 100% daily safeguarding of customer float in segregated commercial bank trust accounts. |
Investor compensation, client money segregation & digital-asset regime
Statutory counterparty protections, custody reconciliation mandates, and virtual-asset licensing status under U.S. Federal Reserve System.
Statutory Deposit Insurance & Bank Resolution Scheme (Global Jurisdiction)
- Maximum coverage per client
- Protected up to statutory national deposit insurance ceiling per banking depositor
- Eligible counterparties & scope
- Retail depositors and eligible corporate deposit accounts held at licensed credit institutions.
U.S. Federal Reserve System Prudential Safeguarding & Custody Directives
- Reconciliation & audit cadence
- Daily reserve and Nostro/Vostro liquidity reconciliation; 100% ring-fencing of payment institution safeguarding accounts.
- Approved custodian requirements
- Central bank reserve accounts or ring-fenced statutory trust accounts at Tier-1 correspondent banks.
U.S. Federal Reserve System Prudential Cryptoasset Exposure (BCBS SCO60) & CBDC / Stablecoin Oversight
- Travel Rule, custody & stablecoin rules
- Full FATF Recommendation 16 Wire Transfer & Virtual Asset Travel Rule compliance across supervised banking rails.
Primary Governing Statutes & Rulebooks
- Central Bank & Banking Supervision Act of Global Jurisdiction
- Basel III Capital Adequacy (CET1 / Tier 1 / Total Capital) & Liquidity (LCR / NSFR) Prudential Standards
- National Payment Systems & Foreign Exchange Control Regulations (Global Jurisdiction)
- FATF-Aligned Anti-Money Laundering & Counter-Terrorist Financing (AML/CFT) Banking Directives
Regulatory Reporting & Audit Obligations
Monthly/Quarterly Basel III COREP/FINREP prudential capital and liquidity returns to U.S. Federal Reserve SystemAnnual IFRS statutory financial audit by an approved central-bank-panel external audit firmReal-time large-exposure, foreign exchange position, and suspicious transaction reporting (STR)
Cross-Border Equivalence & Passporting
Requires U.S. Federal Reserve System home-host supervisory college approval or local branch/representative office licensing for cross-border banking operations.
Supervised institutions & U.S. Federal Reserve System licence records in our database
23 licence records referencing U.S. Federal Reserve System (23 regulated/registered).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| FMBM | 1133453 | Regulated | F & M Bank Corp. / Farmers & Merchants Bank | 1908 | |
| The Bank of New York Mellon | Not supplied | Regulated | The Bank of New York Mellon Trust Company, NA | — | |
| American Express | 1394676 | Regulated | AMERICAN EXPRESS NB/AMERICAN EXPRESS CO | — | |
| BofA | Not supplied | Regulated | Bank of America | — | |
| Cathay Bank | Not supplied | Regulated | CATHAY BANK | — | |
| Citibank, N.A. | Not supplied | Regulated | CITIGROUP INC. | — | |
| Fifth Third Bank | 723112 | Regulated | FIFTH THIRD BK NA/FIFTH THIRD BC | — | |
| KeyBank | 280110 | Regulated | KEYBANK NA/KEYCORP | — | |
| MS | 1456501 | Regulated | MORGAN STANLEY BK NA/MORGAN STANLEY | — | |
| U.S. Bank | 504713 | Regulated | U S BK NA/U S BC | — | |
| Wells Fargo | 451965 | Regulated | WELLS FARGO BK NA/WELLS FARGO & CO | — | |
| Texas Security Bank | 3642638 | Regulated | Texas Security Bankshares, Inc. | 2008 | |
| MUFG Bank | Not supplied | Regulated | MUFG BANK, LTD. | — | |
| Ally Financial | 3284070 | Regulated | ALLY BK/ALLY FNCL | — | |
| East West Bank | 197478 | Regulated | EAST WEST BK | — | |
| FGB | 3804535 | Regulated | First Guaranty Bank | — | |
| GS | 2182786 | Regulated | GOLDMAN SACHS BK USA/GOLDMAN SACHS GROUP THE | — | |
| Popular Bank | 2736291 | Regulated | POPULAR BK/POPULAR | — | |
| State Street | 35301 | Regulated | STATE STREET B&TC/STATE STREET CORP | — | |
| SVB | 491224 | Regulated | FIRST-CITIZENS B&TC/FIRST CITIZENS BSHRS | — | |
| ALMA BANK | 3633173 | Regulated | ALMA BK | — | |
| Deutsche Bank AG | 214807 | Regulated | DEUTSCHE BK TC AMERICAS/DB USA CORP | — | |
| M&T Bank | 501105 | Regulated | MANUFACTURERS & TRADERS TC/M&T BK CORP | — |
U.S. Federal Reserve System (Global Jurisdiction): institutional licensing & due diligence FAQ
Key statutory capital, compensation, custody segregation, and verification answers for compliance teams.
What are the primary licensing classes and minimum capital requirements under U.S. Federal Reserve System (Global Jurisdiction)?
U.S. Federal Reserve System (U.S. Federal Reserve System) supervises financial institutions in Global Jurisdiction under Central Bank & Banking Supervision Act of Global Jurisdiction and Basel III Capital Adequacy (CET1 / Tier 1 / Total Capital) & Liquidity (LCR / NSFR) Prudential Standards. Key statutory authorisation classes include: Class A / Commercial Banking Charter (Full Commercial & Institutional Banking Licence — min. capital: USD $5,000,000 – $15,000,000 equivalent statutory paid-up banking capital); EMI / Payment & FX Institution Licence (Authorised Payment Institution / Electronic Money & FX Remittance Licence — min. capital: USD $150,000 – $500,000 equivalent paid-up capital plus statutory central bank security deposit.). Ongoing prudential supervision requires strict adherence to capital adequacy and liquidity buffers.
Does U.S. Federal Reserve System provide statutory investor compensation and mandatory client asset segregation?
Under U.S. Federal Reserve System's framework, investor protection is governed by Statutory Deposit Insurance & Bank Resolution Scheme (Global Jurisdiction) with maximum coverage of Protected up to statutory national deposit insurance ceiling per banking depositor (Retail depositors and eligible corporate deposit accounts held at licensed credit institutions.). For client money and custody assets, supervised firms must comply with U.S. Federal Reserve System Prudential Safeguarding & Custody Directives, performing daily reserve and nostro/vostro liquidity reconciliation; 100% ring-fencing of payment institution safeguarding accounts. with central bank reserve accounts or ring-fenced statutory trust accounts at tier-1 correspondent banks..
How does U.S. Federal Reserve System regulate digital assets, crypto exchanges (VASPs/CASPs), and stablecoins?
U.S. Federal Reserve System's digital-asset regime is structured around U.S. Federal Reserve System Prudential Cryptoasset Exposure (BCBS SCO60) & CBDC / Stablecoin Oversight (Regulates bank custody, payment settlement rails, fiat-backed stablecoin reserve backing, and Basel SCO60 capital weights.). Custody and AML/CFT compliance obligations require: Full FATF Recommendation 16 Wire Transfer & Virtual Asset Travel Rule compliance across supervised banking rails.
How can I verify an institution's U.S. Federal Reserve System licence number and check our 23 recorded licence entries?
Our database currently tracks 23 licence records referencing U.S. Federal Reserve System (23 marked regulated or registered). To verify a counterparty at the primary source, open U.S. Federal Reserve System's official public register (https://www.federalreserve.gov/), search by the exact reference number and legal entity name, and confirm that the firm's domain and permitted activities match its statutory authorisation.
Related regulatory & market structure briefings
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Statutory licensing classes, base capital rules, and investor protection summaries for U.S. Federal Reserve System (Global Jurisdiction) are maintained for institutional benchmarking and do not constitute legal advice. Always verify current rulebooks and active firm authorisations directly on U.S. Federal Reserve System’s official public register.