Chapter Two The Impact of Government Policy and Regulation on Banking and the Financial-Services Industry.doc

Chapter Two The Impact of Government Policy and Regulation on Banking and the Financial-Services Industry
Chapter Two
The Impact of Government Policy and Regulation on Banking and the Financial-Services Industry
Reasons for the Regulation of Banks
Protection of the Safety of the Public’s Savings
Control of the Supply of Money and Credit
Ensure Equal Opportunity and Fairness in Access to Credit
Promote Public Confidence in the Financial System
Avoid Concentration of Power
Support of Government Activities
Help for Special Segments of the Economy
Principal Regulatory Agencies
Federal Reserve System
Comptroller of the Currency
Federal Deposit Insurance Corporation
Department of Justice
Securities and mission
State Banking Boards missions
Laws Limiting Bank Lending and Risk
National Banking Act
Federal Reserve Act
Glass Steagall Act – Banking Act of 18>933
Laws Restricting Services Banks and Other Depository Institutions Can Offer
National Banking Act
Glass-Steagall Act – Banking Act of 1933
Competitive Equality in Banking Act
FDIC Improvement Act
Laws Expanding the Services Banks and Other Depository Institutions Can Offer
Depository Institution Deregulation and ary Control Act (DIDMCA)
Garn-St3>. Germain Act
Gramm-Leach-Bliley Act
Laws Prohibiting Discrimination in Offering Services
Equal Credit Opportunity Act
Community Reinvestment Act
Laws Ma