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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 ...
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.
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.
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.
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 ...
In the United States, a state bank is a bank in a U.S. state that is chartered by the government of that state, as opposed to a national bank which is chartered at the federal level. [ 1 ] [ 2 ] Overview
Change in access to a financial account or services between 2005 and 2014 by country [2]. The term "financial services" became more prevalent in the United States partly as a result of the Gramm–Leach–Bliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge.
Implicit government subsidy contributes to the profitability of the largest banks in the United States. Banks understood to be "too big to fail" take greater risks because they understand that if the risks go seriously wrong the institution is likely to be bailed out by the government. Also for this reason, such large banks borrow at lower ...