Finance
In South Dakota, which federal agency regulates national banks and federally chartered savings associations that make mortgage loans?
AFederal Reserve Board (FRB)
BOffice of the Comptroller of the Currency (OCC)✓ Correct
CSouth Dakota Division of Banking
DFederal Deposit Insurance Corporation (FDIC)
Explanation
The Office of the Comptroller of the Currency (OCC) charters and regulates national banks and federally chartered savings associations (federal thrifts). State-chartered banks are regulated by state banking agencies (South Dakota Division of Banking) and the Federal Reserve or FDIC.
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