(Reuters) - The Federal Reserve and Securities and Exchange Commission agreed on Monday to share information about investment and commercial banks.

The Fed has supervisory oversight of bank holding companies and financial holding companies, while the SEC regulates securities companies including brokers, dealers and investment companies. The SEC also has oversight of the four largest investment banks -- Goldman Sachs (GS.N: Quote, Profile, Research), Lehman Brothers LEH.N, Merrill Lynch MER.N and Morgan Stanley (MS.N: Quote, Profile, Research), which are known as consolidated supervised entities (CSEs).

Key points of the 10-page agreement include the following:

* Cooperation will include sharing information, coordinating examinations and visits, consulting on supervisory expectations "and other matters of common regulatory and supervisory interest" by the Fed and SEC.

* The SEC will give the Fed information and analysis of financial condition, risk management systems, internal controls and capital, liquidity and funding resources of the CSEs and primary dealers. The Fed will provide the same information it develops in assessing the CSEs.

* The Fed will give the SEC information about securities financing markets and the Fed's assessment of conditions in those markets that may materially affect the operations or financial condition of the CSEs, bank holding companies or primary dealers.

* The Fed will give the SEC analysis about the financial condition, risk management systems, internal controls and capital, liquidity and funding resources of the bank holding companies that affect their broker or dealer subsidiaries or their ability to meet certain net capital standards.

* The Fed and SEC will meet at least quarterly each year to identify and share information about regulatory and supervisory issues related to CSEs and bank holding companies.

* The Fed and SEC will cooperate in setting supervisory and regulatory "expectations, guidelines or rules" concerning capital, liquidity, funding resources and risk management systems of CSEs and primary dealers.