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Comptroller General of the United States

The head of the Government Accountability Office (GAO), an independent agency that provides auditing, evaluation, and investigative services for Congress.

Insured Depository Institution

A bank or credit union whose deposits are protected by federal insurance, such as the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA).

Merger Application

A formal request submitted to a federal regulatory agency by a financial institution seeking permission to combine with or acquire another institution.

Commitments and Conditions

Promises made by merging institutions (commitments) or specific requirements imposed by regulators (conditions) as part of the approval process for a merger, often to address concerns like competition or financial stability.

Federal Depository Institution Regulatory Agency

Government bodies responsible for overseeing and regulating banks and credit unions, including the Federal Reserve, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration Board (NCUAB).

Extrastatutory Issues

Factors or considerations that are not explicitly written into law or statute, but might still influence decisions made by regulatory agencies.