Banks can effectively choose their regulators by deciding whether to:
A) be a private or public corporation.
B) be a member of the Federal Reserve or not.
C) purchase FDIC insurance or to forego the coverage.
D) be chartered at the national or state level.

Question

Quizplus · Accepted Answer

Banks that choose to be chartered at the national level are regulated by the Office of the Comptroller of the Currency (OCC) and those that choose state level chartering are regulated by their respective state banking departments. In general, banks that choose national chartering have a more uniform regulatory environment and are subject to less state-specific regulation. However, state-chartered banks have more flexibility in their business practices and may be subject to less stringent regulatory requirements. Ultimately, the choice depends on the bank's specific circumstances and strategic goals.

Banks Can Effectively Choose Their Regulators by Deciding Whether To