FIN 360 Study guides, Class notes & Summaries

are the largest group of financial institutions in terms of total assets commercial banks major assets of commercial banks loans major liabilities of commercial banks federally insured deposits commercial banks are considered depository institutions restricted national banks from branching across state lines McFadden Act of 1927 allows consolidation of out-of-state bank subsidiaries into a branch network and allows interstate mergers and acquisitions Riegle-Neal Interstate Banking and Bra...

On average banks started the crisis with about half their assets off the balance sheet becauseit allowed them to minimize capital requirements it was legal it allowed them to maximize profits Moral hazard is a term coined for banksfalse Supporting discussion answers with reference to at least course materials isimportant to help move discussion forward important to maximize participation points important to facilitate understanding by others important to avoid plagiarism

Central Banks Determine, implement and control the monetary policy in their home countries. The Federal Reserve (the Fed) The central bank of the United States When was the Fed founded? Founded by Congress under the Federal Reserve Act in 1913 The Fed's original duties were to... Provide the nation with a safer, more flexible, and more stable monetary and financial system. The Panic of 1907 was a financial crisis that hit the United States at the turn of the 20th century while the c...

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