NHTM - CHAPTER 3

Bank size is not considered a significant factor in determining how banks are organized.

• FALSE

• TRUE

Nearly three quarters of all U.S. banks exceed $100 million in asset size apiece.

• TRUE

• FALSE

Nearly all U.S. banks with federal or state charters have their deposits insured by the Federal Deposit Insurance Corporation.

• FALSE

• TRUE

State-chartered banks in the United States represent about a quarter of all U.S.-chartered banks, while national banks account for approximately three quarters of all U.S. chartered banks.

• FALSE

• TRUE

The majority of all U.S. banks are members of the Federal Reserve System.

• FALSE

• TRUE

A banking corporation chartered by either federal or state governments that operates only one full-service office is called a unit bank.

• TRUE

• FALSE

Over half of all U.S. states today limit branching activity.

• TRUE

• FALSE

The average U.S. bank is larger in size (in terms of number of branch offices) than the average Canadian bank.

• FALSE

• TRUE

Despite the rapid growth of automation in U.S. banking, there are more full-service branch banking offices than automated teller machines across the whole U.S.

• FALSE

• TRUE

In the United States there are more one-bank holding companies than multi-bank holding companies.

• TRUE

• FALSE