accounts to any nonaffiliated third party for use in marketing.
Monetary Policy
Banks are affected by the credit policies of other monetary authorities, including the Federal Reserve Board,
that affect the national supply of credit. The Federal Reserve Board regulates the supply of credit in order to
influence general economic conditions, primarily through open market operations in United States government
obligations, varying the discount rate on financial institution borrowings, varying reserve requirements against
financial institution deposits, and restricting certain borrowings by financial institutions and their subsidiaries.  The
monetary policies of the Federal Reserve Board have had a significant effect on the operating results of banks in the
past and are expected to continue to do so in the future.