Financial Services: Information on Nonbank Banks

摘要

The concept of the limited purpose financial institution is not new. For many years such institutions have provided consumer financial services including insured deposit-taking, with few or no commercial services. These institutions include over 3,000 savings and loan associations, 400 mutual savings banks, 1,200 industrial banks and industrial loan companies, and a small number of limited purpose banks performing functions such as credit card operations. However, beginning about 1980 another class of limited financial institution--the nonbank bank--began to receive attention. Nonbank banks operate under either a state or federal charter, as other banks do. The Office of the Comptroller of the Currency (OCC) grants national charters under the National Banking Act, whereas state authorities grant state charters.