About ________ of federally insured banks are nationally chartered and about ________ of federally insured banks are members of the Federal Reserve.

Question

Quizplus · Accepted Answer

Approximately 19 percent of federally insured banks are nationally chartered, and about 34 percent of these banks are members of the Federal Reserve. This reflects the structure of the U.S. banking system, where a significant portion of banks operate under state charters and a smaller percentage are part of the Federal Reserve System.

About ________ of Federally Insured Banks Are Nationally Chartered and About