2. Primary roles of Bank Goods and services Central Bank Depository credit intermediation Industry organization Commercial banks Savings banks and savings and loan associations Credit unions Federal Reserve banks
3. Working Conditions Hours 2008- A non supervisory works for 36.2 hours week.2008- 8% of employees, mostly tellers, worked part time.Support staff work a standard 40-hour week. Work environment Commercial and mortgage loan officers often work out of the office. Safe Place to work Some of employees are located primarily at the headquarters or other administrative offices.
4. Employment Employment 2008- Industry employed about 1.8 million wage & salary workers 74 percent of jobs were in commercial banks Mostly bank branch offices employed 38 percent of all employees.
12. Bonus facts Citigroup, Merrill Lynch and seven other US banks paid $US32.6 billion in bonuses in 2008 while receiving $US175 billion in taxpayer funds under the Troubled Asset Relief Program Citigroup and Merrill Lynch suffered losses of more than $US27 billion at each firm ,Yet Citigroup paid out $US5.33 billion and Merrill $US3.6 billion in bonuses. Bonuses averaged $US160,420 for Goldman Sachs's 30,067 employees, compared with $US13,580 at Bank of America, employer of 243,000 people. Bonuses averaged $US95,286 per employee at Morgan Stanley, $US61,017 at Merrill Lynch and $US38,642 at JPMorgan Chase & Co., which operates large retail and investment banking units.