Banking Project- You will research a financial institution of your choice for our final project. There are 3 parts to this project for a total of

Banking Project There are 3 parts to this project for a total of 105 points. First, select an institution by deadline. Second, participate in peer review by deadline. Lastly, the presentation. Students should be prepared to answer questions about their project. Listed below are general education outcomes and the specific tasks students perform to achieve that outcome.

SELECT FINANCIAL INSTITUTION Student will select a primary financial institution, intermediary or fringe banking service.

Worth 5 points

Critical Analysis and Reasoning & Local and Global Diversity Student clearly present -brief history using a timeline; -purpose/why was it created; -advertisement examples including commercials; -list competition along with assets, including at least one minority institution;

See resources below Minority Depository Institutions Advisory Committee | OCC FDIC: Minority Depository Institutions Program Women-owned banks in the U.S. | Mighty Deposits Banking Black: List of Black-owned banks, credit unions, and other ways to support Black communities through banking | Mighty Deposits -audience.

The information provided is supported with ample applicable data/evidence. Worth 30 points.

Scientific, Quantitative, or Logical Reasoning & Personal and Professional Ethics Student can analyze historical and current policy of the institution in reference to the Great Recession or the Coronavirus Epidemic. Worth 15 points. How was your institution affected by the Great Recession? Did your bank receive TARP or Coronavirus stimulus? What are some policies implemented after the Financial Meltdown or the Epidemic? Below are a few helpful links https://projects.propublica.org/bailout/list https://www.sigtarp.gov/Audit%20Reports/SIGTARP_CDCI_Report.pdf https://www.fdic.gov/coronavirus/ https://www.businessinsider.com/how-government-stimulus-package-could-impact- banks-2020-3

Critical Analysis and Reasoning Student will use data.census.gov to research find the following for the student’s zip code: Population Income Education Race U.S. Bureau of Labor Statistics (bls.gov) State employment by major industry sector Unemployment rate Poverty rate This can be a text box inserted any where in the banking project. Worth 5 points.

Critical Analysis and Reasoning Include in your project the current economy as it relates to banks; the passing of the CARES Act, the second and third stimulus package. Remember we are looking at how banks are being used to assist businesses. Think about the short and long term effects of banks assisting the federal government by making loans to businesses. Worth 10 points.

I’m adding this link to assist you in your discovery as well as those below: What Is in the $900 Billion COVID Second Stimulus Package? (nymag.com) and Trump Signs Stimulus Package—Here’s What It Means For You (forbes.com).

Also consider monetary policy; what tool/tools were used and do you agree or disagree with the use of the tools. Explain your response.

Additional links are below to assist in your project as a whole. https://www.dllr.state.md.us/finance/consumers/cusc.shtml https://www.dllr.state.md.us/finance/consumers/banksc.shtml https://www.dllr.state.md.us/finance/

Worth 10 points.

Scientific, Quantitative, or Logical Reasoning & Personal and Professional Ethics & Technological Competence Agency can be defined as the capacity of individuals to act independently and to make their own free choices. Agency and freedom have meant different things at different points in history, from the abolitionist movement to the women’s movement to the civil rights movement to occupy Wall Street movement to the Black Lives Matter movement.

The student will interview someone at least 20 years older than you. -What were this circumstances surrounding opening their first bank account? Explain. What has been their overall banking experience? Explain -Does having a bank account aid with upward mobility? Explain -Does having a bank account grant or reduce agency? Explain Students should ask (create) follow up and or additional questions. Also, think how you would answer these interview questions. Written and Oral Communications

Students should use PowerPoint, Keynote, Heganoo, Prezi or other presentation tools with a minimum of 6 slides note including the title or work cited page.

Worth 20 points.

Information Literacy The student used scholarly resources from the library and/or industry websites. Minimum of four original sources will be highlighted in your work cited page. For your citations, use APA or MLA style citations. The library provides information on how to do these. I good idea is to use a web search to learn which style is used in your intended major. An additional good reference source is Purdue University’s OWL: APA, MLA.

Worth 10 points.

Critical Analysis and Reasoning- Peer review Respond to at least two classmates. You are to use at least 3 of the discussion prompts in responding to your classmates.

Worth 15 points.

Prompt/Points 5 0

Named Institution

Section Total (of 5)

Prompt/Points 25-30 19-24 13-18 7-12 1-6 0

Timeline, purpose, advertisement examples, competition, including one minority institution

All six parts described Missing a part but others described

Missing two but others described or two or more parts present and not described

Missing three but others described or three or more parts present and not described

Missing four but others described or four or more parts present and not described

Did not address prompt

Section Total (of 30)

Prompt/Points 13-15 10-12 7-9 4-6 1-3 0

Recent policy event Recent policy event is described and institution’s role is described

Recent policy event is described or institution’s role is described

Recent policy event is mentioned and institution’s role is described

Recent policy event is mentioned or institution’s role is mentioned

Something is written about recent policy events

Did not address prompt

Section Total (of 15)

Prompt/Points 5 4 3 2 1 0

Zip code research Population, income, education, race, state employment, unemployment rate, poverty rate

Missing one Missing two Missing 3 Missing 4-5

Section Total (of 5)

Prompt/Points 9-10 7-8 5-6 3-4 1-2 0

Fiscal and monetary policy affects

Takes position on monetary policy, supports position, demonstrates understanding of the role of fiscal stimulus and monetary policy in shrinking economy

Takes position on monetary policy, supports position, or demonstrates understanding of the role of fiscal stimulus and monetary policy in shrinking economy

Takes position on monetary policy and addresses fiscal policy

Takes position on monetary policy or addresses fiscal policy

Mentions stimulus and/or bank lending

The task is not addressed.

Section Total (of 10)

Prompt/Points 13-15 10-12 7-9 4-6 1-3 0

Interview Describes circumstances of first account, describes overall banking experience, describes accounts and upward mobility, describes agency of account, follow up question

Missing one task or two tasks not described

Missing two tasks or three tasks not described

Missing three tasks or four tasks not described

Missing four or more tasks or five tasks not described

The task is not addressed.

Prompt/Points 5 4 3 2 1 0

PowerPoint: minimum five slides not including title page and works cited page.

Five slides are organized and presented.

Four slides are organized and presented or content could have been organized in four slides without affecting overall quality.

Three slides are organized and presented or content could have been organized in two slides without affecting overall quality.

Two slides are organized and presented or content could have been organized in one slide without affecting overall quality.

The project is small and could have been, or is, organized on one slide without affecting overall quality.

The task is not addressed.

Section Total (of 20)

Prompt/Points 9-10 7-8 5-6 3-4 1-2 0

Use scholarly resources from the library and/or industry websites. Minimum of three sources (“Works Cited”) page. Use MLA or APA

APA or MLA style are completely correct with no more than a few minor errors and three scholarly sources are cited.

APA or MLA style are generally correct but with multiple errors and three scholarly sources are cited.

APA or MLA style are identifiable but there are errors in formatting or there are only two scholarly sources.

Multiple sources may be identifiable in text but are not in a works cited page or sources are not at all scholarly. APA or MLA style is not reasonably met.

At least one source is mentioned in text.

The task is not addressed.

Section Total (of 10)

Prompt/Points 11-15 6-10 1-5 0

Responded to at least two classmates

Responded with detailed comments to at least two

Responded with comments to at least two or detailed comments to one

Responded with limited comments to two or only one student post

The task is not addressed.

Section Total (of 15)

Grand Total

1