Identify the Action Taken by OCC and the U

question 79

Multiple Choice

Identify the action taken by OCC and the U.S. 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• A)Repealed the Glass-Steagall barriers between commercial banking and investment banking.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 these.

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Definitions:

Premise Control

A security or management concept ensuring that the base assumptions underlying strategies or plans remain valid over time and are monitored for changes.

Fixed-Charge Obligations

Financial commitments that a company must pay on a regular basis, such as loans, leases, and other fixed expenditures, irrespective of its business performance.

Interest Payments

Payments made to lenders as compensation for borrowing money, usually calculated as a percentage of the principal amount.

Macro-Environment

The macro-environment encompasses the broad external conditions that affect businesses and industries, including economic, social, technological, and political factors.