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What is a bank? Why has it been so difficult to define the term bank under the BHCA and why has the definition changed so
What is a bank? Why has it been so difficult to define the term bank under the BHCA and why has the definition changed so much? How have changes in technology and the policy goals of various stakeholders affected the definition? What does that dynamic definition tell us about the scope of the Federal Reserve Boards jurisdiction? Consider how and why the term bank under the BHCA differs from the charter types of IDIs discussed in Chapter 2.1.
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