Question
I have a project due this evening and I am almost finished, but I am struggling on the last few bits. I need to define
I have a project due this evening and I am almost finished, but I am struggling on the last few bits. I need to define each of the following types of organizations: Private Pension Funds, State & Local Government Pension Funds, Money Market Funds.
With that I also need an example of a State & Local Government Pension Funds Company.
Lastly I need the website, total assets, and the Primary and Secondary Regulatory Agency.
I'm having difficulty finding secondary regulatory agencies overall. There has to be one spot where I can locate all this information but I have yet to find an easier way to access it! I have 3/4 of this assignment done, just missing the above pieces. Any help or direction as to where to find it is appreciated!
For reference only, I've attached my paper to date. Thank you!!!
Candi
Final Project Part 1 Module 4 Candace Gajdos Baker College FIN 3250 Dr. Foor September 21, 2017 1. Define each of the following types of organizations Commercial Banks - National o A financial institution that accepts deposits, offers checking account services, makes business, personal and mortgage loans and offers other products to individuals and small businesses. (Investopedia.com, n.d.) Commercial Banks - State Chartered o A bank chartered by a state (thefreedictionary.com, n.d.) Savings & Loans o Specialized banks created to promote affordable homeownership (Amadeo, 2016) Life Insurance Companies o A financial intermediary that shares the financial risk of untimely death of its policy holder. (businessdictionary.com, n.d) Private Pension Funds o Investment Companies (mutual funds) o Known also as a Fund Company, it is a corporation or trust engaged in the business of investing the pooled capital of investors in financial securities. (Investopedia.com, n.d.) State & Local Government Pension Funds o Finance Companies o Property-casualty insurance companies o Money Market Funds o Credit Unions o Like a bank, only a credit union is not for profit and is owned by its members. (mycreditunion.gov, n.d.). Mortgage Companies o A firm engaged in the business of originating and/ or funding mortgages for residential or commercial property. Often just the originator of the loan. (Investopedia.com, 2017). Real Estate Investment Trusts o A company that owns or finances income-producing real estate (reit.com, n.d.) Security Brokers & Dealers o A broker- dealer is one that processes orders for clients but also executes trades for its own benefit. It is a broker when it trades for clients and it is a dealer when it buys and sells for itself. (Johnston, 2017). 2. Identify a company in each of these categories Commercial Banks - National o First National Bank of Michigan Commercial Banks - State Chartered o Mercantile Bank of Michigan Savings & Loans o Scottrade Financial Services Life Insurance Companies o Northwestern Mutual Wealth Management Private Pension Funds o PricewaterhouseCoopers LLC Investment Companies (mutual funds) o BlackRock Funds State & Local Government Pension Funds o Finance Companies o Huntington Bank Property-casualty insurance companies o State Farm Money Market Funds o Vanguard Prime Money Market fund Credit Unions o Lake Michigan Credit Union Mortgage o Nationstar Mortgage Holdings Real Estate Investment Trusts o LTC Properties Security Brokers & Dealers o Fidelity 3. Complete the template for each company. A blank template is included with the assignment information in the course. Type of Financial Institution Commercial Banks - National Commercial Banks - State Chartered Savings & Loans Life Insurance Companies Private Pension Funds Web Site (USD in thousands) Primary Regulatory Agency https://www.fnbmichigan.com/ $472,838 OCC https://www.mercbank.com/ https://www.scottrade.com/ $3,123,334 $24,454, 242 $215, 117 FDIC FED Total Assets https://www.northwesternmutual.com/ https://www.pwc.com/ (in millions) OCC Secondary Regulatory Agency Investment Companies (mutual funds) State & Local Government Pension Funds Finance Companies Property-Casualty insurance companies Money Market Funds Credit Unions Mortgage Companies Real Estate Investment Trusts Security Brokers & Dealers https://www.blackrock.com/investing $4,554,927 OCC https://www.huntington.com/ $101,280, 420 OCC https://www.statefarm.com/ https://investor.vanguard.com/corporat e-portal/ https://www.lmcu.org/ $77,254 $5,180,296,489 OCC NCUA http://www.nationstarholdings.com/ http://www.ltcreit.com/ https://www.fidelity.com/ References: Commercial Bank. (n.d.). In Investopedia. Retrieved September 21, 2017, from http://www.investopedia.com/terms/c/commercialbank.asp State Chartered Bank. (n.d.). In thefreedictionary.com. Retrieved September 21, 2017, from http://www.thefreedictionary.com/State+Chartered+Bank Amadeo, K. (2016, October 25). What are Savings and Loans? History and Today. In The Balance. Retrieved from https://www.thebalance.com/what-are-savings-and-loans-historyand-today-3305959 Life Insurance Company. (n.d.). In businessdictionary.com. Retrieved September 21, 2017, from http://www.businessdictionary.com/definition/life-insurance-company.html Fund Company. (n.d.). In Investopedia. Retrieved September 22, 2017, from http://www.investopedia.com/terms/f/fund_company.asp What is a credit union?. (n.d.). In mycreditunion.gov. Retrieved from https://www.mycreditunion.gov/pages/whats-a-credit-union.aspx Mortgage Company. (2017, January 19). In Investopedia. Retrieved September 21, 2017, from http://www.investopedia.com/terms/m/mortgage-company.asp What is a REIT?. (n.d.). In reit.com. Retrieved from https://www.reit.com/investing/reitbasics/what-reit Johnston, K. (2017, August 15). Top 25 Broker-Dealer Firms for 2017. In Investopedia. Retrieved from http://www.investopedia.com/investing/broker-dealer-firms/Step by Step Solution
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