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Introduction to Financial Services: Banking (CRS Report for Congress)

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Release Date Revised Jan. 5, 2023
Report Number IF10035
Report Type In Focus
Authors Raj Gnanarajah, David W. Perkins
Source Agency Congressional Research Service
Older Revisions
  • Premium   Revised Jan. 13, 2022 (3 pages, $24.95) add
  • Premium   Revised Jan. 4, 2021 (149 pages, $24.95) add
  • Premium   Revised Jan. 8, 2019 (2 pages, $24.95) add
  • Premium   Dec. 31, 2014 (2 pages, $24.95) add
Summary:

The word “bank” is commonly used to refer to entities that act as financial intermediaries to coordinate the flow of resources from savers to borrowers. Commercial banks and thrifts accept deposits from savers in order to make loans to individuals, businesses, nonprofits, and governments. In federal regulatory policy, bank is often reserved for firms with special banking charters and their parent companies. This In Focus will use the term bank to refer to firms (or subsidiaries) with bank, thrift, or credit union charters that are depository institutions.