Lecture 2 - Impact of Government Policy & Regulation on the Financial Services Industry.

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Print the first 11 pages of the notes on the link below and bring to class or access them electronically during class.

 

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An illustration of national deposit concentration related to the Riegle-Neal Interstate Banking and Efficiency Act  and an illustration of Florida deposit concentration may be seen in the following two files.

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The 9.17.14 FOMC Statement and Policy Normalization Principles and Plans  are on pages 2 and 3 below.  When the FED starts to use the repo tool the following article discusses its potential use and effectiveness. (This material is optional and will not be on the exam.)

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OPTIONAL (NOT ON EXAM)

The following article discusses the difference in applying QE in the Eurozone vs. the U.S.

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OPTIONAL INFORMATION(NOT ON EXAM)

The Federal Reserve's History Web Gateway can be found at www.FederalReserveHistory.org.   

For an example of international reserve requirements in 2010 see http://www.imf.org/external/pubs/ft/wp/2011/wp1136.pdf.

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