1) The legislation that separated investment banking from commercial banking until its repeal in 1999 is known as the:
A) National Bank Act of 1863.
B) Federal Reserve Act of 1913.
C) Glass Steagall Act.
D) McFadden Act.
2) Which of the following statements concerning bank regulation in the United States are true?
A) The Office of the Comptroller of the Currency has the primary responsibility for state banks that are members of the Federal Reserve System.
B) The Federal Reserve and the state banking authorities jointly have responsibility for the 900 state banks that are members of the Federal Reserve System.
C) The Office of the Comptroller of the Currency has sole regulatory responsibility over bank holding companies.
D) The state banking authorities have sole regulatory responsibility for all state banks.
3) Which bank regulatory agency has the sole regulatory authority over bank holding companies?
A) The FDIC
B) The Comptroller of the Currency
C) The FHLBS
D) The Federal Reserve System
4) State banks that are not members of the Federal Reserve System are most likely to be examined by the
A) Federal Reserve System.
B) FDIC.
C) FHLBS.
D) Comptroller of the Currency.