Regional, Community and Foreign Institutions
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.

Bettyann Griffith
Bettyann Griffith is a vice president and head of the Regional, Community, and Foreign Institutions (RCFI) function in the Supervision Group at the Federal Reserve Bank of New York. Ms. Griffith leads the team in developing and executing the supervisory strategy of all regional and community banks, holding companies, and foreign financial institutions in the Second District that have total U.S. banking assets under $50 billion. Together, these nearly 200 medium to small firms constitute the District’s largest and most diverse portfolio. The portfolio also includes representative offices of foreign banks in the District and supervised financial organizations headquartered in Puerto Rico. Prior to her current role, Ms. Griffith was the department head of Risk and Analytics within the function.

Ms. Griffith began her career in the Federal Reserve Bank of New York in 1987 as an internal auditor. She has held a variety of leadership positions at the Bank, including roles in Audit, Financial Services, Human Resources, Markets, and the Executive Office.

Ms. Griffith holds a B.A. in accounting information systems from Pace University.

The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system.