Banking

So Much for That Plan More than 70% of commercial bank assets are held by organizations that are supervised by at least two federal agencies; almost half attract the attention of three or four. Banks devote on average about 14% of their non-interest expense to complying with rules (Anonymous 88). A fool can see that government waste has struck again. This tangled mess of regulation, among other things, increases costs and diffuses accountability for policy actions gone awry. …

…Economist 330 (March 5, 1994): 88-91. Cocheo, Steve. Declaration of Independence. ABA Banking Journal 87 (February 1995): 43-48. Syron, Richard F. The Fed Must Continue to Supervise Banks. New England Economic Review (January/February 1994): 3-8. Works Consulted Anonymous. Banking Bill Spells Regulatory Relief. Savings & Community Banker 3 (September 1994): 8-9. Broaddus, J. Alfred Jr. Choices in Banking Policy. Economic Quarterly (Federal Reserve Bank of Richmond) 80 (Spring 1994): 1-9. Reinicke, Wolfgang H. Consolidation of Federal Bank Regulation? Challenge 37 (May/June 1994): 23-29. Words: 1210