Banks

Banks and banking
From LoveToKnow 1911
BANKS AND BANKING. The word " bank," in the economic sense, covers various meanings which all express one object, a contribution of money for a common purpose.

List of Building Societies Now Banks
A list of Building societies in England that have made the decision to become a bank and demutualise. These include some of the biggest banks.

Banks that raise most of their funds from the domestic and international money markets , relying less on depositors for funds. ...

Pet banks is a pejorative term for state banks selected by the U.S. Department of Treasury to receive surplus government funds in 1833. They were also named "Wildcat Banks". They were made among the big U.S.

How Banks Really Work and Why Banks Are Not a Good Solution for Long Term Investing Business ...

Central banks
Definition: Banks which act as bankers to the government and the banking sector.
Related glossary term: ...

Banks For Cooperatives
Established by the Farm Credit Act of 1933, these regional, privately-owned and government-sponsored banks make loans to farmer-owned marketing, supply and service cooperatives, and rural utilities.

LABOR BANKS - banks owned by labor unions and their members.
LABOR INTENSIVE - used to describe industries or sectors of the economy that relies relatively heavily ...

Retail banks provide a safe place for people to deposit their money by offering savings accounts, CDs (certificates of deposit) and other financial products. Retail banks also provide checking accounts.

mutual savings banks
mostly in the northeastern U.S., these state-chartered banks are owned by the depositors and operated for their benefit. Most of these banks hold a large portion of their assets in home mortgage loans.

Bulge bracket banks
The bulge bracket banks are the very largest investment banks. They operate globally, dealing with all, or almost all, sectors, and in a wide range of businesses.

Federal Reserve Banks are financial institutions that are part of the Federal Reserve System in the United States, which operates a central banking system.

-strengthen banks' transparency and disclosures.
The reforms target:
-bank-level, or micro-prudential, regulation, which will help raise the resilience of individual banking institutions in periods of stress.

Federal Home Loan Banks
Federal Home Loan Mortgage Corporation
Federal Housing Administration
Federal Housing Finance Board
Federal Insurance Contributions Act - FICA
Federal Intermediate Credit Bank
Federal intrafund transactions
Federal Land Bank ...

Banks and Corporations: open account balance or loan receivable that has proven uncollectible and is written off.

Banks Schmanks says:
While most of the comments are helpful, I found "Not everything is entirely tru says" comments right on the mark. The fact is, credit card 'companies' have little interest in helping you fix your score.

BANKS FOR THE COOPERATIVES " Co-ops: A government sponsored enterprise that is part of the Farm Credit System. It provides short-term loans to farmers' cooperative associations. See: Federal Farm Credit System.

Banks are prone to crisis
The traditional bank has an inherent tendency to crisis. This is because the bank borrows short term and lends leveraged long term.

Banks “Planning for Failure'—Living Wills as Resolution and Recovery Plans
Checklists ...

* Banks
Cultivate a good relationship with your banker. The more he or she understands your business and knows you, the more likely it is that your application will be approved. And this means more than just fronting up when you need money.

How banks make a profit on loans
Banks make their profits by lending money to organisations that pay interest and repayments on schedule, and who later borrow more money from the bank.

How Do Banks Get in Trouble?
Consider what would happen if this bank made bad loans and had to "write-off" 6% of its loans as non-collectible. 6% of its loans is $58 million.

Niche Banks
Small banking centers that cater to certain communities or specialized industries. Niche banks are thriving in the fallout from mega-bank mergers.

Nonbank banks
Nonbank banks, also called limited-service banks, offer some but not all of the services of a traditional commercial bank.

Retail banks - 'High street banks'. Banks operating extensive branch networks and dealing directly with the general public, with published interest rates and charges: ...

Country Banks
A colloquial term for non-bank lenders who provide short-term sources of credit for investment dealers; e.g.

Banks because, while you are their customer, they do not have your best interests at heart. They hit you with all sorts of fees and charges for services which used to be provided free. They constantly bombard you with offers to go further into debt.

Banks have traditionally been distinguished according to their primary functions.

Banks come in many different forms. Commercial banks, also known as retail banks, cater directly for the general public and lend to (mostly small and medium-sized) firms.

BANKS: Financial intermediaries that function as depository institutions, maintaining deposits, making loans, and directly controlling the checkable deposits portion of the economy's money supply.

Banks that are subsidiaries either to bank holding companies or other banks established to engage in foreign business transactions.
Electronic Commerce ...

Banks offer two main products:
Transaction accounts, better known as checking accounts, which allow you to transfer money by check or electronic payment to a person or organization that you designate as payee; and ...

Banks will be required to triple core tier one capital ratios from 2 per cent to 7 per cent by 2019. This ratio measures the buffer of highest quality capital that banks hold against future losses.

Banks in the City of London tend to lend and borrow money from one another in the wholesale money markets. The rate at which a bank is willing to borrow money is called the London Inter Bank Bid Rate (LIBID).

Banks, in turn, can be viewed as highly leveraged firms that borrow from depositors. Their 'production' activity is making loans (screening loan applicants, monitoring loans, etc.).

Banks and financial services companies have developed credit cards that are widely accepted by many merchants, and eliminate the necessity of those merchants maintaining separate credit departments.

Banks/Credit Companies/Insurance Companies/CDO's
Pension Funds, Mutual Funds and Asset Managers
Mezzanine funds
Strategic/Corporate Investors
Hedge Funds
Private equity funds
Venture Capital Funds ...

Banks wiring funds on your behalf should send them to:
Bank:
The Bank of New York ...

Banks are rated according to their credit worthiness by IBCA, Moodys investor service and Standard & Poors. The only AAA bank in the US is JP Morgan.
Abandonment ...

Banks take positions in one of two ways: (1) In their trading accounts, banks (mainly large banks) may take positions with one or more financial instruments in the expectation of profiting from future rate changes.

Banks Try And Say They Are Increasing Capital Buffers To an Acceptable Level, But Are They Really?
by Mathew P Owens ...

Banks use a credit score to help determine whether you qualify for a particular credit card, loan, or service.
Cut-Off Time: ...

Banks are allowed to expand abroad and to enter new business areas at home.a13
9801
High bond yields depressed the stock market.

Banks and credit unions provide transaction accounts, as do brokerage firms and other financial services companies that offering banking services.

All banks in the US are chartered by either a state government or the federal government. Federally chartered banks, or national banks, are overseen by the Comptroller of the Currency of the US Treasury.

All banks were required to select one of the two roles and divest businesses relating to the other. Chase National Bank and the National City Bank both dissolved their securities businesses. Lehman Brothers dissolved its depository business.

All banks involved in selling or marketing a new issue of stock or bonds.
Selling short ...

Many banks have options to help you track your accounts online, including the ability to label specific accounts. It makes it easier to save for a new car if you have a “new car' account, rather than just a generic one.

Some banks have partnered with cell phone companies to offer banking services. An account is opened at a bank and a deposit is made. An ATM card is issued. The user can now transfer the funds on deposit to any cell phone user.

Many banks have offshore subsidiaries that are under the standards and regulations of the particular country, which can vary considerably. Companies may establish headquarters offshore because of lower tax rates.
Sponsors Center
Sponsored Links ...

Many banks offer money market accounts, which are demand accounts that pay interest based on short-term interest rates.

Most banks and credit unions offer money market accounts and savings accounts to customer who seek to earn interest on liquid funds....
How Do I Set Up a Certificate of Deposit Account in Quicken?

Asian banks that collect deposits and make loans denominated in US dollars.
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Personal Finance Glossary ...

Agency banks established by canadian banks in the U.S.
Coinsurance effect
Refers to the fact that the merger of two firms decreases the probability of default on
either firm's debt.

Used by banks, currency exchanges, vending business, arcades, restaurants, stores, and any other establishment that goes through a lot of cash and change, money sorters come in assorted sizes, configurations and price ranges.

Virtual banks, ones without retail locations (ie: branches) or ATMs, are in an interesting situation because they appear to leave their customers without the ability to get cash quickly.

"Sound" banks limit the volume of the loans they extend so that they remain in a prudent proportional relationship to the amount of instantly liquid funds they have available in "reserves" (either as currency in the vault or as demand deposits in ...

Reserve Banks are authorized to issue bank notes, i.e. Federal Reserve notes, in the United States.
bank regulation:The formulation and issuance by authorized agencies of specific rules or regulations, under ...

Used by banks and other lenders to check people's identity and credit history when they apply for credit.

Group of banks sharing a loan.
Loan-to-value ratio (LTV)
The ratio of money borrowed on a property to the property's fair market value. will be the same over a short-term investment horizon.

See also: Saving, Career, Expense, Personal finance, Mergers