State and federal banking regulators have reached two agreements to coordinate the supervision and examination of foreign banks operating in several states.

Under the first agreement, state banking departments will designate a single state to coordinate supervision and examination of foreign banks operating in several states, according to the Conference of State Bank Supervisors.

Under a second agreement between the states and federal regulators, the Federal Reserve Bank and Federal Deposit Insurance Corp. will coordinate their own examinations with the designated state banking department.

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