U.S. Banks are not usually regulated by the SEC (except for their securities divisions). Instead, they are overseen by the Federal Reserve and the Federal Office of the Comptroller, as well as state-level banking regulators. Banks also must conform to certain regulations issued by the FDIC. Federal fines levied against banks end up at the U.S. Treasury, the Federal Reserve, the Department of Justice (some to victims' funds), and state bank regulatory authorities.