Technology

  • 1988-1989 – LR – Bargaining for Justice: An Examination of the Use and Limits of Conditions by the Federal Reserve Board, Alfred C. Aman – 64p
    • Controversy over what is or should be the business of banking challenges the rationales for banking regulations.64
      • Changes in data processing and communications technology have created a new financial services industry.
      • “These new methods have revolutionized the business, and created new businesses and new products.
        • Money market funds, central asset accounts, and universal life policies would have been impossible before modern data processing and communication technologies. 65
      • These new services raise questions about just what “the business of banking” in fact is.