Alan Abergel is an attorney licensed by both the State Bar of Texas and the State Bar of California.  

The Federal Reserve System is the central bank of the United States.

It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve

  • conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy;
  • promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad;
  • promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole;
  • fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and
  • promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.

The Federal Reserve supervises the following entities and has the statutory authority to take formal enforcement actions against them:

  • State member banks
  • Bank holding companies
  • Savings and loan holding companies
  • Nonbank subsidiaries of bank holding companies and of savings and loan holding companies
  • Edge Act and agreement corporations
  • Branches and agencies of foreign banking organizations operating in the United States and their parent banks
  • Systemically important nonbank financial companies designated by the Financial Stability Oversight Council (FSOC) for supervision by the Federal Reserve
  • Officers, directors, employees, and certain other categories of individuals or entities associated with the above banks, companies, and organizations (referred to as “institution-affiliated parties”)

Generally, the Federal Reserve takes formal enforcement actions against the above entities and individuals for violations of laws, rules, or regulations, unsafe or unsound practices, breaches of fiduciary duty, and violations of final orders. Formal enforcement actions include cease and desist orders, written agreements, prompt corrective action directives, removal and prohibition orders, and orders assessing civil money penalties.



  • Representation in administrative hearings, proceedings, and investigations.
  • No criminal defense services are provided.   Only administrative, civil, compliance, and transactional services are provided.