Financial Institutions - Research Article from Encyclopedia of Business and Finance

This encyclopedia article consists of approximately 10 pages of information about Financial Institutions.

Financial Institutions - Research Article from Encyclopedia of Business and Finance

This encyclopedia article consists of approximately 10 pages of information about Financial Institutions.
This section contains 2,724 words
(approx. 10 pages at 300 words per page)
Buy the Financial Institutions Encyclopedia Article

A financial institution is one that facilitates allocation of financial resources from its source to potential users. There are a large number of different types of financial institutions in the United States, creating a rich mosaic in the financial system. Some institutions acquire funds and make them available to users. Others act as middlemen between deficit and surplus units. Still others invest (manage) funds as agents for their clients. The key categories of financial institutions are the following: deposit taking; finance and insurance; and investment, pension, and risk management. There are also government and government-sponsored institutions that carry out regulatory, supervisory, and financing functions. Historically, each type has performed a specialized function in financing and investment management.

Deposit Taking

Deposit-taking institutions take the form of commercial banks, which accept deposits and make commercial and other loans; savings and loan associations and mutual savings banks, which accept...

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This section contains 2,724 words
(approx. 10 pages at 300 words per page)
Buy the Financial Institutions Encyclopedia Article
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Macmillan
Financial Institutions from Macmillan. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.