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11 Cards in this Set
- Front
- Back
approximately 700 ______
at one point over ____ reason is bank failures and ____ |
commercial banks in the us
20,000 consoldiations |
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one explanation for the large number of commercial banks in the US was the ______
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restrictions on branching, these restrictions no longer exist
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creatign a bank holding cmopany was a way to circumvent____
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branching restrictions
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a holding company is a corporation that owns ____
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several different companies
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what act allowed branching by national banks across state lines
what act overturned it |
riegle-neal interstate banking and branching efficiency act of 1994
mcfadden act |
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why some people were opposed to nationwide banking was because of
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service to the local community
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banking act of 1933 _glass-steagall)
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prohibited commercial banks from participating in underwriting corporate securities or form engaging in brokerage activities, also prohibited banks from engaging in insurance adn real estate activies.
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reason for repeal of glass-steagall
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brokerage firms have been able to pursue traditional banking activities; example: development of mmmf. american banks at a competitive disadvantage relative to foreign banks.
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thrift industry regulation and strucute saving banks
federal state federal home loan banks system was created in 1932 and is similar to the |
federal- office of thrift supervision
state- state banking authority federal reserve system, 12 district federal home loan banks |
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credit unions chartering
federal state |
federal- national credit union administration
state- state banking authority |
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eurodollars are created when _____
main center of eurodollars is in ____ minimum transaction in eurodollar market is tyipcally ____ |
deposits in accounts in the US are transferred to a bank outside the country are kept in the form of dollars
-london -1 million dollars |