FIN 130 Principles of Bank Operations (3)
Credit, Degree Applicable
An overview of commercial banking in the U.S.A. from colonial times to the present day. Terminology and principles that form the necessary foundation for students who plan to do advanced work in specialized banking classes. Stressing practical applications, this course prepares both students who intend to work in the financial services industry and students who understand the importance of commercial banking in a general business program.
Offered Fall semesters
After successful completion of this course, students will be able to:
- Outcome 1: Explain the context, structure and operation of banks as profit-making enterprises that rely on employees to provide customer-focused service.
- Outcome 2: Describe how the evolution of the U.S. banking system has led to opportunities and responsibilities for banks and bank employees today.
- Outcome 3: Discuss what money is and how it evolved, what constitutes money supply, the flow of economic activity and how the Federal Reserve (the Fed) affects monetary policy.
- Outcome 4: Identify the three major banking crises from 1900 to the present day and their consequences, describe the common factors in all three and analyze the business and regulatory failures involved.
- Outcome 5: List deposit products and services, the bank's function in opening a deposit account, and laws and regulations relating to deposits.
- Outcome 6: Outline the care and distribution of coin and currency, components of checks as negotiable instruments, types of endorsements, check payment process and check fraud schemes.
- Outcome 7: Explain banking laws and regulations related to the payment process.
- Outcome 8: Describe how consumers and businesses bank electronically, how electronic banking evolved and laws relating to electronic banking.
- Outcome 9: Identify the types of loans banks offer to their customers, the lending process and laws and regulations pertaining to lending.
- Outcome 10: Detail what constitutes personal financial planning; the insurance, investment and trust products and services banks offer to support their customers' financial plans; and how such services are regulated.
- Outcome 11: Assess the specialized trust, investment, capital markets, insurance, cash management and global banking services banks offer to fulfill the financial needs of their business customers.
- Outcome 12: Explain the financial statements banks use and describe their asset/liability management, loan and investment return maximization, expense and risk control, financial performance monitoring and budgeting.
- Outcome 13: Evaluate how relationships with customers are built by meeting their expectations, what goes into customers' purchasing decisions and effective sales/marketing practices.
- Outcome 14: Outline the methods by which banks secure customer data and identify customers, describe types of fraud against bank customers and privacy protection.
- Outcome 15: Discuss the rating systems regulators use in examining banks and the role of boards of directors, bank committees, officers and employees in safeguarding bank assets.