So Much for That Plan More than 70% of commercial bank assets are held by organizations that are supervised by at least two federal agencies; almost half attract the attention of three or four. Banks devote on average about 14% of their non-interest expense to complying with rules (Anonymous 88). A fool can see that government waste has struck again. This tangled mess of regulation, among other things, increases costs and diffuses accountability for policy actions gone awry. …showed first 75 words of 1185 total…

…showed last 75 words of 1185 total…Economist 330 (March 5, 1994): 88-91. Cocheo, Steve. Declaration of Independence. ABA Banking Journal 87 (February 1995): 43-48. Syron, Richard F. The Fed Must Continue to Supervise Banks. New England Economic Review (January/February 1994): 3-8. Works Consulted Anonymous. Banking Bill Spells Regulatory Relief. Savings & Community Banker 3 (September 1994): 8-9. Broaddus, J. Alfred Jr. Choices in Banking Policy. Economic Quarterly (Federal Reserve Bank of Richmond) 80 (Spring 1994): 1-9. Reinicke, Wolfgang H. Consolidation of Federal Bank Regulation? Challenge 37 (May/June 1994): 23-29. Words: 1210