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Brokered CDs are simply bank CDs offered by a financial intermediary. It’s important to understand who is offering the brokered CDs, what the interest rate on the CDs are and what features the CD holds. Many brokered CDs are callable CDs thus negating the benefit of a guaranteed fixed rate of return that is a
Regions Financial, the holding company for Regions Bank and Regions Mortgage, introduced a new home loan product for first time home buyers. The new mortgage program is designed to make it easier for new home buyers to qualify for a mortgage loan.
The new first time home buyer product has lower barriers for qualifying for a
Institutional money funds are designed primarily for institutional investors. Institutional money market funds that are used by businesses, pension funds, state and local governments, and a variety of other large investors. Small, midsize, and even some larger corporations also use money market funds for cash management purposes. Small and medium-sized bank trust departments which use
The supplementary document to a prospectus that contains more detailed information about a mutual fund; also known as “Part B” of the prospectus.
Federal law prohibits this information from being made public. The OCC cannot release any information relating to any supervisory actions or whether a violation of law or regulation occurred in connection with your complaint.
Bank rates on both the lending side and savings side dipped down for the week ending January 14, 2011.
The best CD rates available nationally as measured by the Selectcdrates.com composite CD rate index was lower by one basis point or 1/100th of a point for the week. The index moved down to
The Industry State Bank serves individuals and businesses in Austin, Colorado, Fayette, and Washington counties. The bank was founded in 1911. Industry State Bank has been FDIC insured since January 1, 1934. The banks main office is located in Industry, Texas and a branch office serves New Ulm, Texas. Industry State Bank is chartered as
Saigon National Bank is a locally owned community bank devoted to serving the financial needs of the Vietnamese business community in Southern California. Saigon National Bank provides various personal and commercial banking products and services in California. Saigon National Bank was established on November 30, 2005 and has been FDIC insured since November 30, 2005.
A sale or purchase of a security designed to counter losses or gains from price or interest rate changes.
Measure of the U.S. money stock that consists of M1, certain overnight repurchase agreements and certain overnight Eurodollars, savings deposits including money market deposit accounts, time deposits in amounts of less than $100,000, and balances in money market mutual funds other than those restricted to institutional investors.
The profit an investment generates, expressed as equity divided by cash flow.
The closing of our review found in the final paragraph sums up the analysis of this report succinctly by unmistakably concluding, the game is over and these homeowners have debt levels that are untenable.
The Comptroller of the Currency discussed a report on delinquency and default rates on mortgages that have already been modified. These are
Through much of its early history Louisiana was a trading and financial center, and its fertile land made it a prosperous region in America. The prosperity was mainly due to the river system of the region, especially the “big river”. The Red River and its tributaries were main arteries of transportation for the area along
Building support in the US economy and local markets has pushed mortgage rates and credit card rates higher over the past week. Confidence in the housing market and the stronger jobs number, though it was shrouded in questions regarding the validity of the data, has provided some support for growth in the US economy. At
There may be some occasions when a consumer may need more than just a personal check. In most cases, this will arise from the need to deliver a payment process with a guarantee. A common payment method needed with guaranteed funds would be the down payment for a home.
Natchitoches, Louisiana is location for the main office of City Bank & Trust Company. Natchitoches is an original French colony in Louisiana, established in 1714 as part of French Louisiana. The community was named after the Natchitoches Indian tribe. It is the oldest permanent settlement in the Louisiana Purchase territory. It is also well known
A fund option enabling shareholders to transfer their investments from one fund
to another within the same fund family as their needs or objectives change. Typically, fund companies allow exchanges several times a year for a low or no fee.
As the last week of February drew to a close, Treasury rates made a rather significant move lower. The one year Treasury rate started the week of February 22nd at 0.39% and closed the week at 0.32%. The two year fell from 0.95% to 0.81%, a stunning 14 basis points or 14/100 of a percent
An ATM card is a plastic card that looks like a credit card. It allows you to do the same things at a bank machine or Automatic Teller Machine (ATM) as you would at the bank itself.
Most banks and other financial institutions like credit unions offer ATM cards. They are usually connected to your
To seize something and hold it in legal custody. Items impounded can be cash or other assets.