Banking Chap 2

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short term business credit

Commercial banks mostly specialize in

held to maturity securities

FASB 115 requires historical costs to be used for

Commercial Bank

A bank that accepts demand deposits and makes business loans

McFadden Act

Allowed the individual states to determine if a bank could branch within or outside its home state

Capital Asset Quality Management Quality Earnings Liquidity Sensitivity to market Risk

CAMELS

Regulation Z

Requires disclosure of as to why a costumer was denied credit

memorandum of understanding

a formal regulatory document that prescribes corrective action for a problem is

cease and desist order

a legal document that orders a firm to stop an unfair practice under full penalty of law

office of thrift supervision

a new charter to start a federal savings association is obtained from

State banking department

a new charter to start a state bank must be obtained from

Check 21 Act

allows any institiution to truncate the paper check at any point in the check clearing process

serve as guidelines for sound operating policies

bank regulations

Regulation B

Makes it illegal for any lender to discriminate on the basis of national origin

troubled asset relief program

designed to allow the us treasury to purchase distressed assets from financial institutions

12

fed rez has banks in how many districts of the country

federal reserve banks

national and state charters arent available for

5,000

orginally the FDIC insured deposits up to

Federal Reserve

primary federal regulator of state banks that are members of the FED

FDIC

primary federal regulator of state banks that arent members of the FED

Purpose of Bank Regulations

provide monetary stability, ensure safety and soundness of banks, provide a competitive financial sysem and protect consumers from abuses by banks

Protect Depositors

purpose of maintaing the safety and soundness of banks is to

Real estate Loans

savings and loans have historically specialized in

65%

savings institutions must maintain what % of their assets in housing related assets to be considered a qualified thrift lender

Deposit insurance fund

the federal deposit insurance reform act of 2005 created what

Agricultural lending office

whcih of the following is not a component of the farm credit system

FDIC

which of the following is the receiver of a failed depository institution

depository institutions

which type of financial insitiution has seen the largest drop in their share of US financial assets


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