EBK THE ECONOMICS OF MONEY, BANKING AND
EBK THE ECONOMICS OF MONEY, BANKING AND
4th Edition
ISBN: 9780100668201
Author: Mishkin
Publisher: YUZU
Question
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Chapter 11, Problem 4Q
To determine

The regulatory agency which has the primary responsibility for supervising the following categories of commercial banks?

  1. National banks
  2. Bank holding companies
  3. Non-Federal Reserve member state banks
  4. Federal Reserve member state banks
  5. Federally chartered savings and loan associations
  6. Federally chartered credit unions

Concept Introduction:

The financial crisis of 2008 raised questions about the financial stability and regulations of the U.S. government. The Treasury Secretary Henry M. Paulson proposed a series of financial reforms post the crisis. He realized that the financial institutions and its functions were too widespread to be regulated by one regulator. So he refined and created a regulatory system for different roles supervised by its respective regulatory bodies.

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