Banking Regulation: Its Purposes, Implementation, and Effects. Fifth Edition

摘要

Banking and the regulation of banks have both been key elements in the development of the United States and its financial system. Banks have attained a unique and central role in U.S. financial markets through their deposit-taking, lending, and other activities. Banks hold the vast majority of deposits that are transferable by check. These demand deposit powers have allowed bankers to become the principal agents or middlemen in many financial transactions and in the nations payments system. As a result, most payments in this country involve a bank at some point, and this payments system plays a vital role in enabling goods and services to be exchanged throughout our economy. In terms of deposit activities, banks are also important because individuals have traditionally placed a substantial amount of their funds in bank time and savings deposits.