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Saving Institution operations
Finance Company
Credit Union
History of Saving Ins.
Happy Fun Time
100
Mortgage Securities are examples of what to a savings institution?
What is an Asset
100
Help finance goods sold by their parent companies.
What are captive sales finance companies?
100
In order to join a credit union a person must meet the ________
What is the common bond requirements
100
First started in 1816. Formed as depository institutions that would allow people with small deposit balances to save and earn interest
What are savings banks
100
Where are you right now?
What is Here, or most likely any answer given
200
Borrowed funds and deposits are examples of what?
What is a liability
200
What type of credit uses retailers correspondence with the consumer is carried on using the retailer's name
What is Private-label credit
200
This was established to regulate federally chartered credit unions
What is the NCUA
200
Following the liquidity problems experienced by the mortgage lenders in the Great Depression the _____ system was created
What is Federal Home Loan Bank
200
Our favorite Professor on Tuesdays and Thursdays at 9:20 a.m.
Who is Prof. Randy Lewis
300
After WWII until 1996 what was the name for the tax relief given to a savings institution if it had at least 60% of their assets in home mortgage lending?
What is Bad-Debt Deduction
300
The term for the regulations on a finance company operations capping the maximum rate
What are rate ceilings
300
This institution has the ability to borrow funds through the Federal Financing Bank
What is the Central Liquidity Facility
300
These two institutions replaced the Federal Home Loan Bank Board and the Federal Savings and Loan Insurance Corporation. (Name 1)
What are the Office of Thrift Supervision, and the FDIC Savings Association Insurance Fund
300
The author of the book you know you are already looking at it......
Who are Kidwell, Blackwell, Whidbee, Sias
400
What caused the net interest spread to decline substantially in the early 1980's?
What is the cost of funds rose sharply while the interest revenue from the portfolios lagged behind?
400
The term for when a finance company provides a dealer with interim financing
What is whole-sale or floor-plan financing
400
How is it that credit unions have been able to expand their member pool? name 2
What is retirees in the area, family members, retain memberships if they no longer meet the bond, mergers, absorbing groups under 3,000 people who cannot start their own union
400
What did the Office of Thrift Supervision do?
What is chartered and regulated savings institutions at the federal level.
400
The title of this chapter
What is Financial Institutions
500
Name two ways that savings institutions have begun to take less interest rate risk?
What is match fund mortgages with borrowings, more ARM's, more mortgage-backed securities with floating rates or shorter maturities.
500
This regulation made finance companies disclose their annual percentage rates rather than add on or discount loan rates
What is Regulation Z
500
What are the two major trade associations?
What are the Credit Union National Association (CUNA) and the National Association of Federal Credit Unions (NAFCU)
500
Congress enacted ________ in 1980 which permitted thrifts to obtain federal charters rather than state charters and to convert to stockholder ownership.
What is the Depository Institutions Deregulation and Monetary Control Act (DIDMCA)
500
Most common form of "common bonds"
What is occupational