Journal Article
A bank by any other name ...
Abstract: ?Banks? are regulated by the government. However, because the generic term bank applies to a number of different types of financial institutions that provide different services, different types of regulation are required. This issue has attracted much attention in recent years as nonfinancial firms?including Wal-Mart?attempted to obtain a ?bank.? This article traces changes in the definition of the term commercial bank for the purposes of regulation and discusses the implications for one type of ?bank?: industrial loan companies.
Keywords: Banks and banking; Bank holding companies; Federal Deposit Insurance Corporation;
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2007
Volume: 31
Issue: Q IV