1 - Chapter 1#4 A There were about 1,819 employees working...

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Chapter 1: #4 A. There were about 1,819 employees working in credit intermediation at depository institutions. The percentage share of total financial services employees was 30%. B. There were about 630 employees worked in credit intermediation at non- depository institutions with an 11% share of total financial services employees. C. Insurance had about 2,308 employees. Of the total financial services, there was a 38% share of employees. D. The securities and commodities department had about 858 with a share of 14% of total financial services. Chapter 2: #1 A. The government agencies a financial manager must deal with when chartering a new bank are the state banking commission of the state where the bank is to be located or the Comptroller of the Currency must be sent an application for a national charter. The banking law involved with chartering a new bank is the National Currency and Bank Act (1863-64). B. When establishing a new bank branch the bank manger must deal with the state banking commission for state chartered banks or the Comptroller of the Currency for national banks in the United States. The National Currency and Bank Act is the law involved with establishing a new bank branch, because any new branch or merger where the national bank is involved must be approved by the Comptroller's office. C. When forming a financial holding company, the process of requesting formation must be submitted to the Federal Reserve Board or, for certain routine transactions, to the Federal Reserve Bank in the district. Also, some states require holding companies to inform their banking commission of a bank being obtained in the state. D.
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This note was uploaded on 06/05/2011 for the course BUS 101 taught by Professor T.mcgee during the Spring '08 term at FSU.

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1 - Chapter 1#4 A There were about 1,819 employees working...

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