1. Banking and the U.S.

2. Commercial Banks Privately owned and operated
Money is insured by Federal govt.
Provide:
Services to both individuals & businesses
Savings accounts
Checking accounts, money market accounts, & CD’s (certificate of deposit)
Loans, credit cards
Help to customers to manage money

3. Specialize in long term home mortgage loans
Savings & Loans
Specialize in long term home mortgage loans
Accept deposits

4. Credit Unions Owned & operated by their members Non-profit bank
Low interest loans
Checking accounts
Higher interest rates on savings accounts

5. Securities & Exchange Commission
Brokerage firms buy & sell stocks for their customers
Advise people on investments
Dividends may be higher than interest offered by banks

6. Why is it important to save money?
Pay for education
Medical bills
Emergencies
Large purchases

7. How does the U.S. economy benefit when people deposit money?
Helps expand the economy
Producers may borrow money
Banks invest your savings

8. What choices does an individual have if he/she wants to save or invest $?
Commercial banks
Savings and loans
Savings banks
Credit unions
Securities & exchanges (brokerage firms)

9. How does the govt. help protect savings & investments?
Savings are insured
(FDIC) Federal Deposit Insurance Corporation
(NCUA) National Credit Union Association
Regulating stock exchanges & savings organizations