CHAPTER 11 Objectives of Bank Regulation
“There have been three great inventions since the beginning of time: fire, the wheel, and central banking.”
Will Rogers
Glossary of Terms
BHC: Bank Holding Company.
GAAP: Generally Accepted Accounting Principles.
SEC: Securities and Exchange Commission, a regulatory body for capital markets in the United States.
NOW: Negotiated Orders of Withdrawal, a deposit account.
OECD: Organization for Economic Cooperation and Development.
Federal Funds Market: A market in which banks borrow and lend their cash-asset reserves for short durations.
OCC: Office of the Comptroller of the Currency, an agency within the U.S. Treasury Department that charters and regulates national banks.
FDIC: Federal Deposit Insurance ...
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