Most banks offer a wide variety of personal and commercial financial services. Access this web page: 1st American People's Bank - http://www.newyorkfed.org/education/
banking/banking_apb.html. Explain your answers to the following:

• Discuss one important personal, small business and corporate service that the 1st American People’s Bank provides.
• To what extent is it a good idea for banks to engage in such a wide variety of services that include banking, investing, insurance, and estate planning? How can you explain why, for so long, banks were not allowed to provide investment and insurance services (research the Glass Steagall Act of 1933)?
• Duplicate the chart below on a whole sheet of paper, giving yourself sufficient room to write the answers. Then, visit three different banks in your neighborhood, obtain the information called for, and enter it on the chart.

		Bank #1	Bank #2	Bank #3
	List five different services this bank provides
	How many blocks from your house is the bank located?
	Minimum amount a depositor needs to open a basic checking or savings account
	Highest interest rate paid on any savings product
	Lowest interest charged for a personal loan
	Important customer relations features (e.g. friendliness of staff, short lines, hours open)

• In what ways were the banks you visited most similar? In what ways were the banks you visited most different? To what extent did the banks you visited provide similar services to those provided by 1st American People’s Bank?
• At which of the three banks you visited would you most likely open an account? Why?