1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
laiz [17]
2 years ago
11

How does a bank become established?

History
1 answer:
bulgar [2K]2 years ago
7 0
According to the FederalReserve The proposed bank must first receive approval for a federal or state charter. Before granting a charter, the OCC or state must be able to determine that the applicant bank has a reasonable chance for success and will operate in a safe and sound manner.

Next, the proposed bank must obtain approval for deposit insurance from the FDIC. And in addition approvals are required from the Federal Reserve if, at formation, a company would control the new bank and/or a state-chartered bank would become a member of the Federal Reserve.

<span>All insured banks must comply with the capital adequacy guidelines of their primary federal regulator (Federal Reserve, FDIC, or OCC). The guidelines require a bank to demonstrate that it will have enough capital to support its risk profile, operations, and future growth even in the event of unexpected losses. Newly established banks are generally subject to additional criteria that remain in place until the bank's operations become well-established and profitable.</span>
You might be interested in
Which level of the government levies taxes and establishes court systems?
kenny6666 [7]
Don’t about establishes but Levies taxes: legislative
7 0
2 years ago
Where were the constitutional change to the presidency
Inessa [10]

Answer:

1947 Presidential Succession Act defines the officials who would succeed to the presidency after the Vice President. 1947 Congress drafts an amendment to the Constitution which will limit a President to two terms in office. ... 1951 The 22nd Amendment, which limits a President to two terms, is ratified.

Explanation:

8 0
2 years ago
The marshall plan was based on the idea that
Luba_88 [7]
If a countrys citizens do not want to go communist, then the U.S should help fight against it with those countries fighting communism in their county
4 0
3 years ago
What period of Ancient Greek history did Socrates live in
Alenkasestr [34]

Answer:

5th century BCE ancient period

6 0
2 years ago
How was the law applied to members of Mesopotamia society
Morgarella [4.7K]

Answer:

What were some of the laws in Mesopotamia?

Examples of the Laws

If a son should strike his father, his hands shall be cut off. If a man put out the eye of another man, his eye shall be put out. If any man should strike a man of higher rank, he shall receive sixty blows with an ox-whip.

Explanation:

There ya go.. :)

7 0
3 years ago
Other questions:
  • HELP does anyone know about Napoleon
    9·1 answer
  • After American settlers poured into Spanish Florida following the War of 1812, Spain decided to _____.
    14·2 answers
  • Name both of your US senators and their political parties affiliations
    7·1 answer
  • In what ways did the new deal programs extend federal aid
    8·1 answer
  • List the groups that were also targeted for persecution by the Nazis.
    8·2 answers
  • HELP ASAP
    15·1 answer
  • the mixing of plants , animals , and microorganisms that occured after europians arrived in the americans is known as?
    12·1 answer
  • Hi to everybody <br> I hope you're having a good day <br>​
    12·2 answers
  • Choose the terms that are related to the period of the US history before december
    12·2 answers
  • Which of the following divided ten north and south before the Civil War?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!