Did you know that you local bank also has a bank for some of its business needs? Banks use a regional Federal Reserve Bank for short-term loans and services such as check processing. There are 13 regional Federal Reserve Banks that serve different areas of the country. Regional Federal Reserve Banks also compile statistics on various aspects of the U.S. economy and provide them to the public free of charge. Click here to visit the regional Federal Reserve Bank that offers services to Michigan Banks
A second Federal Reserve Bank also offers services to Michigan Banks in certain areas.
If your bank is a Savings Bank (the official name of Savings Banks typically has the letters "F.S.B. "or the words "Savings "or "Savings Bank "in their name), it is likely regulated by one of the regional offices of the Office of Thrift Supervision. Click the following link to get the contact information for this regulator of Savings Banks in Michigan
