Principles of Banking
An overview of banking from colonial times to the present day, with emphasis on current issues and trends. Bank organizational structure, line/staff functions and employee responsibilities are reviewed. The regulatory environment of banking is studied, including the involvement of the Federal Reserve and monetary policy. Bank deposit services are examined, focusing on types and requirements of deposit accounts, negotiable instruments, payment flows, and the check collection process. The credit function is also studied, reviewing sound underwriting guidelines for consumer, mortgage and commercial loans. Specialized products such as trust services, cash management, international banking, and brokerage services are reviewed as is the importance of marketing in today's competitive environment. Skills learned include methods of measuring and analyzing the performance of financial institutions. 3 Credits (3 Lecture - 0 Lab) Spring Only.