Econ 350 HW 1.pdf - Benjamin Soleimani Econ 350 Professor Kenny 12 February 2020 Assignment#1 a The major types of institutions that are listed are

Econ 350 HW 1.pdf - Benjamin Soleimani Econ 350 Professor...

This preview shows page 1 - 2 out of 4 pages.

Benjamin Soleimani Econ 350 Professor Kenny 12 February 2020 Assignment #1 a) The major types of institutions that are listed are Commercial Banks, Credit Unions, and Savings Associations. b) The OCC serves to regulate all National Banks and thrift institutions, and the federally licensed branches and agencies of foreign banks in the United States. The OTS was a United States federal agency under the Department of the Treasury that chartered, supervised, and regulated all federally chartered and state-chartered savings banks and savings and loans associations. The NCUA regulates credit unions and insures deposits made at credit unions. c) The Federal Reserve Board of Governors controls the reserve requirement for member banks. d) The U.S. financial regulatory structure is complex, with responsibilities fragmented among multiple agencies that have overlapping authorities. a) The global pool of money is the sum of the money that the world is saving right now. For example Insurance companies saving for a catastrophe, pension funds saving money for retirement, the Central Bank of England saving for whatever central banks save for, all the world's savings. Right now the total pool is about 70 Trillion. b) Around 2000 and
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read all 4 pages?

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes