Go to the Federal Reserves website at www.federalreserve.gov and get the latest information on finance company consumer,

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Go to the Federal Reserve’s website at www.federalreserve.gov and get the latest information on finance company consumer, real estate, and business lending using the following steps. Click on “ All Statistical Releases. ” Under

“Business Finance,” click on “Finance Companies.” This downloads a file onto your computer that contains the relevant data. How have these numbers changed since 2012, reported in Table 3–4 ?

1 . Explain how securities firms differ from investment banks. In what ways are they financial intermediaries?

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