Econ 304 Exam # 3

Front 1

approximately 700 ______
at one point over ____
reason is bank failures and ____

Back 1

commercial banks in the us
20,000
consoldiations

Front 2

one explanation for the large number of commercial banks in the US was the ______

Back 2

restrictions on branching, these restrictions no longer exist

Front 3

creatign a bank holding cmopany was a way to circumvent____

Back 3

branching restrictions

Front 4

a holding company is a corporation that owns ____

Back 4

several different companies

Front 5

what act allowed branching by national banks across state lines
what act overturned it

Back 5

riegle-neal interstate banking and branching efficiency act of 1994
mcfadden act

Front 6

why some people were opposed to nationwide banking was because of

Back 6

service to the local community

Front 7

banking act of 1933 _glass-steagall)

Back 7

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.

Front 8

reason for repeal of glass-steagall

Back 8

brokerage firms have been able to pursue traditional banking activities; example: development of mmmf. american banks at a competitive disadvantage relative to foreign banks.

Front 9

thrift industry regulation and strucute saving banks
federal
state
federal home loan banks system was created in 1932 and is similar to the

Back 9

federal- office of thrift supervision
state- state banking authority


federal reserve system, 12 district federal home loan banks

Front 10

credit unions chartering
federal
state

Back 10

federal- national credit union administration
state- state banking authority

Front 11

eurodollars are created when _____
main center of eurodollars is in ____
minimum transaction in eurodollar market is tyipcally ____

Back 11

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