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A Bank By Any Other Name . . .

Christian A. Johnson
University of Utah College of Law

George G. Kaufman
Loyola University Chicago

Economic Perspectives, Vol. 31, No. 4, 2007

Abstract:
Banks are regulated by the government. However, because the generic term bank applies to a number of different types of financial institutions that provide different services, different types of regulation are required. This issue has attracted much attention in recent years as nonfinancial firms - including Wal-Mart - attempted to obtain a bank. This article traces changes in the definition of the term commercial bank for the purposes of regulation and discusses thee implications for one type of bank: industrial loan companies.

Keywords: bank, industrial loan corporation, bank holding company

Accepted Paper Series

Date posted: November 11, 2007 ; Last revised: November 11, 2007

Suggested Citation

Johnson, Christian A. and Kaufman, George G., A Bank By Any Other Name . . .. Economic Perspectives, Vol. 31, No. 4, 2007. Available at SSRN: http://ssrn.com/abstract=1028754

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Contact Information

Christian A. Johnson (Contact Author) University of Utah College of Law ( email ) 332 S. 1400 East Front Salt Lake City, UT 84112-0730 United States
George G. Kaufman Loyola University Chicago ( email ) 820 North Michigan Avenue School of Business Chicago, IL 60611 United States 312-915-7075 (Phone) 312-915-8508 (Fax) HOME PAGE: http://orion.it.luc.edu/~gkaufma/

Abstract

References (36)

Date posted: November 11, 2007 ; Last revised: November 11, 2007

Suggested Citation

Contact Information

Christian A. Johnson (Contact Author)

George G. Kaufman