Lesson 14 portfolio part 1 by Kyra Lynn https://padlet.com/kyralynnlly/plvr3emt78o3wf46 The U.S. banking system diagram en-us 2021-11-16 15:58:48 UTC 2021-11-16 17:56:52 UTC hello@padlet.com The U.S. Banking System kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894560175 this country's banking system is divided into two different types of institutions. the first topic is a deposit, the second topic is non-deposit.]]> 2021-11-16 16:04:44 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894560175 Deposit Institutions kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894595013 examples include...]]> 2021-11-16 16:18:01 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894595013 Non-deposit Institution kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894601188 examples include...]]> 2021-11-16 16:20:22 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894601188 kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894610478 1. commercial banks
Thrift Institutions
2. mutual savings banks
3. savings and credit loan associations
4. credit unions

]]> 2021-11-16 16:23:59 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894610478 kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894614333 1. pension funds
2. insurance companies
3. finance companies
4. securities investment dealers]]> 2021-11-16 16:25:34 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894614333 1. Commercial banks kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894623415 Federal or state chartered financial institutions accept deposits that they use to make loans and earn profits.]]> 2021-11-16 16:29:09 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894623415 Diversification and mergers kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894629905 consumers often look for alternatives to traditional banking so this is among the options banks are using to continue growing in a mature industry.]]> 2021-11-16 16:31:35 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894629905 Commercial interest rates kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894639897 As long as terms and conditions are clearly revealed to borrowers, banks are allowed to set their own interest rates. Additionally, the Prime Rate is available to the bank's most creditworthy commercial consumers.]]> 2021-11-16 16:35:34 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894639897 Deposit Institutions kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894647028 some in depth examples include...]]> 2021-11-16 16:38:15 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894647028 2. Mutual Savings banks kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894666555 Financial institution whose depositors are owners sharing in its profits.]]> 2021-11-16 16:45:29 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894666555 3. Savings and Credit Loan Associations (S&L's) kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894672724 Financial institution accepting deposits and making loans primarily for home mortgages.]]> 2021-11-16 16:47:47 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894672724 4. Credit Unions kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894676035 Nonprofit, cooperative financial institution owned and run by its members, usually employees of a particular organization.]]> 2021-11-16 16:49:03 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894676035 1. Pension Fund kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894702757 Such as Social Security (a public pension fund) and a 401 (k) plan (a private pension fund).]]> 2021-11-16 16:59:25 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894702757 2. Insurance Company kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894705778 Such as State Farm insurance and GEICO auto insurance.]]> 2021-11-16 17:00:33 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894705778 3. Finance Company kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894707686 Such as HBSC Finance (a consumer finance company) and Wells Fargo (a commercial finance company).]]> 2021-11-16 17:01:19 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894707686 4. Securities Investment Dealer kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894710305 Such as Vanguard and Merrill Lynch]]> 2021-11-16 17:02:19 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894710305 Special Financial Services of Commercial banks kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894724374 1. Pension services such as individual retirement accounts (IRAs)
2. International services such as currency exchange, letters of credit, and banker’s acceptance
3. Financial advice and brokerage services
4. Automated teller machines (ATMs)
5. Electronic funds transfer (EFT)
]]> 2021-11-16 17:07:49 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894724374 How banks create Money kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894793000 For example, the bank holds $10 (10 percent) of your money and lends the remaining $90. The next bank is also required to hold 10 percent ($9) of that amount, so it can lend $81. This process continues as one bank lends to another, increasing the amount of money available to borrow, thus expanding the amount of money in the money supply. Due to this process, there are risks involved so safety regulations are put in place...]]> 2021-11-16 17:45:01 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894793000 Federal Deposit Insurance Corporation (FDIC) kyralynnlly https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894803142 This is the federal agency that guarantees the safety of all deposits up to $100,000 in the financial institutions that it insures.]]> 2021-11-16 17:51:57 UTC https://padlet.com/kyralynnlly/plvr3emt78o3wf46/wish/1894803142