Federal Agencies

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10 Terms

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FHA Federal Housing Administration

Provides insurance on mortgage loans for approved lenders

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FDIC Federal Deposit Insurance Corporation

insures deposits, examines financial institutions for safety and consumer protection,

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OCC Office of the Comptroller of the Currency

Part of treasury, regulates national banks, federal savings associations, and the operating subsidiaries of them.

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Federal Reserve

Central bank of US, regulates monetary policy, controls interest rates for banks.

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NCUA National Credit Union Admin.

regulates credit unions

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SEC Securities and Exchange Commission

regulate stock market, protect investors, maintain fair and efficient markets

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FTC Federal Trade Commission

consumer protection, ensuring fair competiton in the market, telemarketing sales rule

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US Mint

manufactures and distributes coins, part of trasury

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Bureau of Engraving and Printing

manufactures and prints paper currency, part of treasury

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Scott Bessent

current secretary of the treasury