The role of banking systems U.S Australia China Korea Group 7: Valiance Rose David Eric Ji 2010.1.5
The Role of Banking Banking Systems Systems U.S. Australia China Korea Group 7 : Valiance Rose David Eric Jay 2010.1.5
A I Star Team Chinese professor dan li John maynard Keynes U.S. President barack obama Carl Menger
Chinese Professor Dan Li John Maynard Keynes U.S. President Barack Obama Carl Menger
Overview Party one Introduction of american Australian Chinese, Korean banking systems Party two A comparative study ban king system faces crisis
Overview Party one: Introduction of American, Australian, Chinese, Korean banking systems Party two: A comparative comparative study: banking banking system faces crisis
United States banking system
United States banking banking system
History of U.S. Banking 1863: National Bank Act leads to dual banking system 1913: Federal Reserve Act 1929-1933: Great Depression, 1/3 U.S. banks fail 1932-1933: Glass-Steagall Act and Banking Act 1980s: Deregulation of U.S. banks ° Modern Day Banking
History of U S. . Banking Banking • 1863: National Bank Act leads to dual banking system • 1913: Federal Reserve Act • 1929‐1933: Great D i epression, 1/3 U S. . b k an s fail • 1932‐1933: Glass‐Steagall Act and Banking Act • 1980’s: D l ti eregulation of U S. . b k an s • Modern Day Banking…
National banks vs. State Banks National Banks State Banks Federally chartered through OCC in State chartered Department of the Treasury Members of Federal Reserve System Member Banks or Nonmember Banks Local access to decision makers Only state owned Bank of North Dakota As the only state-owned bank in the nation, our mission, established by legislative action in 1919, is to promote agriculture, commerce and industry in North Dakota. The Bank acts as a funding resource in partnership with other financial institutions, economic development groups and guaranty agencies. We have four established business areas Student Loans, Lending Services, Treasury Services and Banking Services. BNDs suppor services and dedicated employees provide you with the best customer service
National Banks vs. State Banks National Banks State Banks Federally chartered through OCC in Department of the Treasury State chartered Members of Federal Reserve System Member Banks or Nonmember Banks Local access to decision decision makers Only state owned Bank of North Dakota: “As the only state‐owned bank in the nation, our mission, established by legislative action in 1919, is to promote agriculture, commerce and industry in North Dakota. The Bank acts as a funding resource in partnership with other financial institutions, economic development groups and guaranty agencies. We have four established business areas: Student Loans, Lending Services, Treasury Services and Banking Services. BND’s support services and dedicated employees provide you with the best customer service.
Regulators Secur lies and excit Requies disclosure el information Commission (SEC) hnancial markets restricts insider trading Anti- Money-“cm邮 Futures arket exchanges Regulates precedures for trading in futures markets nv Af thw frantrllor af thw hantai Tartars ant examines the h/s nr sundering cial banks federally chartered commercial banks and imposes restrictions asets they can hold Program National Credit Union dera.ly chartered credit Chartes and examines the books of Administration (NCUA) federally chartered credit unions and impuses restrictions on assets they can hold stale hanking and insurane Slate cturtereal dlepxesitory Charlet and examine the hooks of Following the terrorist slate-chantered banks and insurance companics, impose restncuons on attacks of September, 11 acta they can hold, and impose restrictions on branching 2001 Congress passed the Federal Depost Insurance Commercial banks, mutual Provdes insurance of up to s100, 000 USA Patriot Act which avings hanIs, savings and (temporarily 5250, coo)for each depositor at a bank examines were regulations for the books of insured banks, and imposes res,nations on assets stopping money they can hold laundering and terrorist Federal Reserve system Al depository institutions Examines the books of commercial nks that are members of the access to us financial yslen, is reserve iequirements for all banks system Onice of Thrit Supervision Savings and loan associaTions Examines the bucks ol savings and loan associations, imposes restrictions on assets they can hold
Regulators Anti‐Money‐ L di aun ering Program Following the terrorist attacks of September September, 11, 2001 Congress passed the USA Patriot Act which were regulations for stopping money laundering and terrorist access to US financial system
Structure of banking system Fed reserve banks Member Non-member banks national state National tate Investment banks commercial banks savings and loans retail banks online banks
Structure of banking banking system F de Reserve banks Member banks Non‐member banks nati l ona state Ni l at onal state Itt nves ment b k an s commerci l a b k an s savings and loans ret il a b k an s online b k an s
Regional (thrift) vs Mega Banks Assets of s100b Banks as Pct of gDp Number of Institutions by type(2010) Number of Institutions by type (1984) 3,399 2.745 14,034 u Assets >s10 BrIon d AsSets sI Billion -510 Billon n Assets 2 110 Billion ssets #1 Billion.s10 Billlo Assets s100 Million.t Billion Assets 1100 Million ssets s100 Million- s1 Billion Assets s s100 Millio 88838383335388
Regional (Thrift) (Thrift) vs. Mega Banks
Australia banking system
Australia banking system