Identify the Action Taken by OCC and the Federal Reserve

question 93

Multiple Choice

Identify the action taken by OCC and the Federal Reserve in 1997, to expand the permitted activities of bank holding companies.

• A)Repealed the Glass-Steagall barriers between commercial banking and investment banking.
• B)Allowed commercial banks to acquire directly existing investment banks.
• C)Allowed investment banks to offer banking products.
• D)Allowed investment banks to offer deposit products.
• E)All of the options.

---

Definitions:

Data

Information gathered for examination and considered in decision-making or analysis.

Equal

Having the same value, quantity, measure, or meaning as another.

Population Standard Deviation

A measure of the amount of variation or dispersion of a set of values in a population.

Data

A compilation of statistics and information for analysis or reference purposes.