Federal and state regulators agreed Wednesday to coordinate oversight of state-chartered banks operating across state lines.

The Federal Reserve Board and the Federal Deposit Insurance Corp. said they will alternate exams of these state banks with state supervisors. Some exams may be done jointly by federal and state agencies. Regardless, under this agreement, state banks operating interstate will not be bombarded by regulators.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.