There have been a number of fatal dam breaks in the United Statest. 1977: The Kelly Barnes Dam, an old earthen dam in Georgia, gave way in the middle of the night. Internal erosion probably caused the failure. Thirty-nine people were killed at a small bible college below the dam.
The types of financial institutions include commercial banks, investment banks, insurance companies, brokerages, investment firms, management investment companies and non-bank financial institutions including credit unions, payday lenders and savings and loans institutions.
Generally, financial institutions are defined as banks, other types of depository institutions, brokers or dealers. in securities, money transmitters, currency exchangers, check cashers, and issuers and sellers of money orders. and travelerâs checks. Should you have questions, see. the definitions in 31 CFR Part 103.