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benefits of joining the Fed

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In the U.S., do all banks have to join the Federal Reserve System?

What are the benefits of joining the Fed?

What are the benefits of staying as a State Chartered bank?

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In the U.S., do all banks have to join the Federal Reserve System?

No, they don't have to join the Federal Reserve System if they are not national banks or state banks that are chosen to join Federal Reserve System. Federal Reserve plays a major role in the supervision and regulation of the U.S. banking system. The supervision and the examination of these institutions is shared with the Office of the Comptroller of the Currency which supervises national banks, and the ...

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