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| Topic: |
Miscellaneous
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| Number of pages / Number of words: |
11 / 2844 |
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Unlike Savings Associations, the law limits Commercial Banks to:
? Only allow 5% on savings accounts
? Only have a single location in Texas
? Thrift Institutions
These institutions were not permitted to accept demand deposits, chequing accounts or offer commercial loans. This however all changed when in 1977 a bill was introduced into Congress allowing both Commercial Banks and Thrifts in fifty states to offer Negotiable Order of Withdrawal (NOW) accounts...
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This however all changed when in 1977 a bill was introduced into Congress allowing both Commercial Banks and Thrifts in fifty states to offer Negotiable Order of Withdrawal (NOW) accounts.
? Savings & Loans Associations –
Dallas Federal Savings is the largest savings and loans association, with approximately $909...
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