U.S. Financial Institutions
Completion requirements
While you read this page, think about what the key financial institutions are and the role they play in the process of financial intermediation. How do each of these financial institutions differ from one another?
U.S. Financial Institutions
Summary of Learning Outcomes
What are the key financial institutions, and what role do they play in the process of financial intermediation?
Financial institutions can be divided into two main groups: depository institutions and nondepository institutions. Depository institutions include commercial banks, thrift institutions, and credit unions. Nondepository institutions include insurance companies, pension funds, brokerage firms, and finance companies. Financial institutions ease the transfer of funds between suppliers and demanders of funds.