Identify the Action Taken by OCC and the Federal Reserve

question 34

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• A)Repealed the Glass-Steagall barriers between commercial banking and investment banking.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 above.

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Definitions:

Human Resource Planning

The process of identifying current and future human resources needs for an organization to achieve its goals.

Strategic Change

A fundamental shift in the way an organization conducts business, often involving a redesign of structure, strategy, systems, and processes to effectively adapt to new challenges and opportunities.

Generating Alternatives

The process of brainstorming or devising multiple solutions or options to address a particular problem or situation.

Frequent Change

The continuous or rapid modifications in organizational processes, structure, or technology, often in response to shifts in the marketplace or industry.