Friday, October 10, 2014

The Federal Home Loan Bank Board and the FSLIC, both of which failed in their regulatory tasks, were...

1) The Federal Home Loan Bank Board and the FSLIC, both of which failed in their regulatory tasks, were abolished by the

A) Competitive Equality Banking Act of 1987.

B) Financial Institutions Reform, Recovery and Enforcement Act of 1989.

C) Office of Thrift Supervision.

D) Office of the Comptroller of the Currency.

2) The Resolution Trust Corporation was created by the FIRREA in order to

A) manage and resolve insolvent S&Ls.

B) build up trust in government regulation.

C) regulate the S&L industry.

D) purchase large amounts of government debt.

3) FIRREA increased the core-capital leverage requirement for thrift institutions from 3% to

A) 8%.

B) 5%

C) 10%

D) 25%

4) The Federal Deposit Insurance Corporation Improvement Act of 1991

A) increased the FDIC\"s ability to borrow from the Treasury to deal with failed banks.

B) increased the FDIC\"s ability to use the too-big-to-fail doctrine.

C) eliminated governmentally-administered deposit insurance.

D) eliminated restrictions on nationwide banking.

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