The Regional, Community and Foreign Institutions and Consumer Compliance function (RCFI) supervises Second District state-chartered regional and community banks that are members of the Federal Reserve System, along with regional and community bank holding companies, regardless of the lead bank’s charter. A regional bank has total assets between $10 billion and $50 billion in banking activity while a community bank has total assets less than $10 billion. The function also supervises foreign banking organizations (FBOs) under $50 billion in banking assets as well as foreign representative offices in the District, which cannot engage in depository, lending or other banking activities.