Question 1 10 pts When a bank seeks to expand (new branch, merge with another bank etc.) the following needs to be done before proceeding: obtain regulatory approval decide how many investors to seek seek a permit from the local city government decide who will be the CEO at the new branch Question 2 10 pts One of the reasons for bank regulation is to ensure equal opportunity and fairness in the public's access to credit and other financial services. True False Question 3 A new national bank obtains charter from: OCC FDIC Federal Home Loan Bank State government in which the bank operates Question 4 One of the most important legacies of the Glass Stegall Act was creating the FDIC that guaranties public deposits up-to a certain amount. True False Question 5 10 pts The Federal Deposit Insurance Corporation Improvement Act of 1991 prevents the FDIC to borrow from the Treasury to remain solvent or call for risk based premiums. True False Question 6 10 pts This regulation prohibits US Banks from discriminating against customers residing within their trade territories: CRA Bank Secrecy Act GLBA Mergers & Acquisition Act