Financial Service Providers
Course Title – Money Matters
Lesson Title – Banks and Other Financial Institutions
Specific Objective –Explain the organization and activities of commercial banks
and other financial institutions
Performance Objectives:

Identify and compare the basic types of financial institutions (e.g., banks, mortgage
companies, credit unions, brokerage firms, and finance companies).

Describe and compare the most common financial products and services (e.g.,
checking, credit cards, Automated Teller Machines (ATMs), savings, loans,
investments, and insurance).
TEKS: 130.162.(c)(4)(E); (12)(A)(B)
Time required: One class period (90 minutes).
Occupational Correlation (O*Net – http://www.onetonline.org/)
41-3031.02 - Sales Agents, Financial Services
Sell financial services, such as loan, tax, and securities counseling to customers of
financial institutions and business establishments.
Sample of reported job titles: Financial Consultant, Financial Specialist, Investment
Officer, Relationship Manager, Select Banker, Client Manager, Financial Services
Representative, Relationship Banker, Sales Representative
Tasks
 Determine customers' financial services needs and prepare proposals to sell
services that address these needs.

Contact prospective customers to present information and explain available
services.

Sell services or equipment, such as trusts, investments, or check processing
services.

Prepare forms or agreements to complete sales.

Develop prospects from current commercial customers, referral leads, or sales or
trade meetings.

Review business trends to advise customers regarding expected fluctuations.

Make presentations on financial services to groups to attract new clients.

Evaluate costs and revenue of agreements to determine continued profitability.
Copyright © Texas Education Agency, 2012. All rights reserved.
1
Preparation
Materials Needed:



Handouts of presentation with notes blanks for student notes – 1 per student
Financial Institution Comparison Chart – 1 per student
Understand Concepts handout – 1 per student
Equipment Needed:

Computer with word processing , presentation, and projection software and
hardware
Learner Preparation:
 Have students describe how banking might have been different 100 years ago.
Teaching Strategies:
Tactile Learner – Use sample items that represent various banking activities (money,
buildings, toy vehicles). Ask students to explain the importance of these items in
banking and financial transactions.
Visual Learner – Show students a map of the United States with the locations of
Federal Reserve Banks marked. Ask students to describe how Federal Reserve
Banks are distributed in various areas of the country.
Attention Deficit Disorder – Have students write the names of the main departments of
a bank. Ask them to read each and provide a short description.
Print learner – Use text lists and visuals to present and reinforce the main types of
financial institutions.
Auditory learner – Encourage a class discussion about the changing competitive
environment of financial institutions.
Limited English Proficiency – Obtain translations of the key terms. Also use photos of
these items to reinforce these concepts.
Key Terms:
Federal Reserve System - created to supervise and regulate member banks to help
them serve the public efficiently. All national banks are required to join the Federal
Reserve System (state banks may join).
Introduction:
Among the types of institutions where you can deposit your money are banks, savings
and loans, credit unions, and Internet banks.
Assessment:



Use “Checkpoint(s)” in multimedia presentation slides #17 and #25 as
opportunities to conduct ongoing assessment of student comprehension.
Understand Concepts handout – graded
Observe students in groups for Teamwork Activity
Copyright © Texas Education Agency, 2012. All rights reserved.
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Additional Resources:
Websites:
"Federal Reserve System." Federal Reserve System. N.p., n.d. Web. 15 June 2012.
<http://www.federalreserveonline.org/>.
Textbook:
Dlabay, Les R., and Jim Burrow. Business Finance. Mason, Ohio: South Western,
2008. Print.
Introduction
Introduction (LSI Quadrant I): Have students describe how banking might
have been different 100 years ago, and then lead into a discussion of the development
of the U. S. currency and U. S. banking history utilizing the multimedia presentation as
the focal point and guide.
Outline
Outline (LSI Quadrant II):
MI
Outline
I.
Introduction.
A.
Have students describe how banking
might have been different 100 years ago.
B. Development of the U. S. currency
C. U. S. banking history
D. Political differences that could have caused
the First and Second Bank
Notes to Instructor
Refer to multimedia
presentation throughout
lesson.
Slides #1-8




II. Federal Reserve System (Fed)
A. Organizational structure
B. Activities
Slides #8-15




Copyright © Texas Education Agency, 2012. All rights reserved.
3
Define “Bank”
History of Federal
Currency
Creation of First and
Second Banks of the
U.S.
National Banking
Act of 1864
Districts and reserve
banks
Relationship
between district
reserve banks and
member banks
Activities - holding
of reserves, clearing
checks, influence
money supply
Slide #15 –
Question from
“Understand
Concepts” handout
III. Other Regulatory Agencies
A. FDIC
B. OCC
Slides #16, 18
Checkpoint Slide #19
Understanding Concepts
Slide #20
IV. Financial Institutions in Action – Banking
Departments
Slide #21
V.
Slides #22-24
Forms of Financial Institutions
A. Depository
B. Non-depository
Checkpoint Slide #25
Copyright © Texas Education Agency, 2012. All rights reserved.
4
VI. Changing Competitive Environment
A. Non-deposit and depository
B. All-in-one account
C. Online banking
Slide #24-26
VII. Comparing Financial Institutions
Slide #27
“Teamwork” activity
Financial Institution
Comparison Chart
(handout)
Understand Concepts
Slide #28
Checkpoint Slide #29
Verbal
Linguistic
Logical
Mathematical
Visual
Spatial
Musical
Rhythmic
Bodily
Kinesthetic
Intrapersonal
Interpersonal
Naturalist
Existentialist
Guided Practice (LSI Quadrant III): “Understand Concepts” – handout. Have
students complete #1-4 during lesson discussion.
Independent Practice (LSI Quadrant III): “Understand Concepts” – handout.
Have students complete #5 – “History”
Summary
Review (LSI Quadrant I & IV):
Ask students to create a diagram to communicate Federal Reserve actions to
influence the money supply.
Evaluation
Informal Assessment (LS1 Quadrant III): Students will be assessed for
Copyright © Texas Education Agency, 2012. All rights reserved.
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involvement and participation in the lesson discussion through the presentation
through graded answers to the “Understand Concepts” handout.
Formal Assessment (LSI Quadrant III, IV): Students’ History visual
summary of the various types of paper currency issues by state banks will be graded.
Extension
Extension/Enrichment (LSI Quadrant IV:
Have students research recent trends in the level of interest rates, the money supply,
and consumer prices. What actions have been taken by the Fed to influence these
economic factors?
Copyright © Texas Education Agency, 2012. All rights reserved.
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Name: ______________________ Date: _____________ Period: _____
Understand Concepts
Determine the best answer for each of the following questions. Answer these
questions during class discussion and when prompted by the multimedia
presentation.
1. To increase the money supply, the Fed would:
a.
b.
c.
d.
lower the discount rate
raise the discount rate
raise the reserve requirement
sell government securities
2. True or False? The First Bank of the United States later became the Federal
Reserve System. _____________________________________________
3. When creating a national bank, a charter must be obtained from
a.
b.
c.
d.
The Federal Reserve System
A state banking regulatory agency
The Comptroller of the Currency
The Federal Deposit Insurance Corporation
4. True or False? A life insurance company is an example of a non-depository
financial institution.______________________________________________
5. History – Conduct research on state banknotes used in the United States
between 1793 and 1861. Prepare a visual summary of the various types of
paper currency issued by state banks.
Copyright © Texas Education Agency, 2012. All rights reserved.
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Understand Concepts - KEY
Determine the best answer for each of the following questions:
6. To increase the money supply, the Fed would:
a.
b.
c.
d.
lower the discount rate
raise the discount rate
raise the reserve requirement
sell government securities
7. True or False? The First Bank of the United States later became the Federal
Reserve System. _____________________________________________
8. When creating a national bank, a charter must be obtained from
a.
b.
c.
d.
The Federal Reserve System
A state banking regulatory agency
The Comptroller of the Currency
The Federal Deposit Insurance Corporation
9. True or False? A life insurance company is an example of a non-depository
financial institution.______________________________________________
10. History – Conduct research on state banknotes used in the United States
between 1793 and 1861. Prepare a visual summary of the various types of
paper currency issued by state banks.
Copyright © Texas Education Agency, 2012. All rights reserved.
8
Copyright © Texas Education Agency, 2012. All rights reserved.
9
6/16/12
Criss Cross Puzzle
Banks & Other Financial Institutions
Across
4. A debt security issued by a state or local government
8. A rise in the general level of prices
9. A state or local tax on goods and services that is collected by the seller
10. Tax based on the value of land and buildings
Down
1. Investing in a variety of assets
2. The ease and speed with which an investment can be converted into cash
3. Government income
5. Outflow of money by a company
6. What you give up by making a choice
7. Activities involved with saving, investing, and using money by individuals, businesses, and governments
9. A security representing ownership in a corporation
11 of 11 words were placed into the puzzle.
Created by Puzzlemaker at DiscoveryEducation.com
puzzlemaker.discoveryeducation.com/code/BuildCrissCross.asp
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