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In the United States, the government of each of the 50 states is structured in accordance with its individual constitution. In turn, each state constitution must be grounded in republican principles. Article IV, Section 4, Clause 1 of the United States Constitution tasks the federal government with assuring that each state's government is so ...
A state bank is a bank that is state chartered, meaning that it has been formed under the laws of a specific state government and not the federal government. Although historically state banks could only operate within the state where it was chartered, this distinction slowly eroded. In 2010, this distinction was eliminated with the passage of ...
Economists classify government expenditures into three main types. Government purchases of goods and services for current use are classed as government consumption. Government purchases of goods and services intended to create future benefits – such as infrastructure investment or research spending – are classed as government investment.
Rule by a government under the sovereignty of rational laws and civic right as opposed to one under theocratic systems of government. In a nomocracy, ultimate and final authority (sovereignty) exists in the law. Cyberocracy: Rule by a computer, which decides based on computer code and efficient use of information. This is closely linked to ...
12 C.F.R. §550.136(c) lists six types of state laws that, in certain specified circumstances, are not preempted with respect to federal savings associations. [jargon] In the banking and financial services industry, two significant regulators are the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau.
In the United States, state governments are institutional units exercising functions of government at a level below that of the federal government. Each U.S. state's government holds legislative, executive, and judicial authority over [1] a defined geographic territory.
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As of October 31, 2024, financial services in the United States represented 15% of the S&P 500 Equal Weight Index. [ 1 ] The U.S. finance industry comprised only 10% of total non-farm business profits in 1947, but it grew to 50% by 2010.