Commercial Banking Hw #1

Commercial Banking Hw #1 - Nicole Crowell Yannick Crowder...

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Nicole Crowell Yannick Crowder Al Cuff Blaire Durham Moyenda Duncan Pg.23 Question 4 4. a. There are approximately 1,760,500 workers in the financial industry in the credit depository. The total share of the industry is 31% percent of the total work force. b. There are approximately 572,200 workers in the financial industry in the nondepository industry. The total share of the industry is 10% of the total work force. c. There are approximately 2,246,700 workers in the insurance industry. The total share is 39% of the total work force. D. There are approximately 809,700 workers in the securities and commodities industry. The total share is 14% of the total work force. PG 59 Question #1 1. A. Chartering a new bank- The comptroller of the currency (OCC) is responsible for issuing charters to new banks. When chartering New Banks the National Currency and Bank acts must be followed. B. Establishing new bank Branches offices- The financial manager will have to deal with the Federal Reserve System when trying to establish new branches, as well as follow The Federal Reserve Act and the Riegle-Neal Interstate Banking and branching efficiency act
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This note was uploaded on 05/26/2011 for the course FIN 3403 taught by Professor Osagie during the Summer '09 term at Florida A&M.

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Commercial Banking Hw #1 - Nicole Crowell Yannick Crowder...

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