Exam 3: The Organization and Structure of Banking and the Financial-Services Industry

Senior management of a community bank reports periodically to the:

Nearly all U.S.banks with federal or state charters have their deposits insured by the Federal Deposit Insurance Corporation.

Banks acquired by holding companies are referred to as affiliated banks.

Which of the following is a reason that many states and the federal government finally enact interstate banking laws?

In the United States there are more one-bank holding companies than multi-bank holding companies.

A(n)_____________________ is one which offers its full range of banking services from several locations.

Research evidence suggests that banks taken over by interstate banking organizations have generally increased their market share over their competitors within the same state and are generally more profitable than their competitors.

Financial holding companies hold more than 90 percent of the industry's assets in the United States.

Outside the United States,the holding company form:

What is a bank holding company?

An average U.S.bank is larger in size (in terms of number of branch offices)than an average Canadian bank.

Banks which operate entirely on the web are known as invisible banks.