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The relationship between the monetary base and the money supply. The multiplier explains the money supply has expanded through the banking system by distribution of excess reserves.
Routing numbers are the nine digit numbers also know as an ABA number that is found on the bottom of check next to you account number. This identifies the bank and the region where the checks are cleared. If the routing number is valid, this does not mean the check is valid.
Interest rates made a moderate move to the upside after the first week of September was laid to rest. While the rate increase was moderate for mortgage loan products, the CD rate increases for the week were notable. What is even more startling was the rate increases took place during a week or news and
Just like the APR helps to compare the true cost of borrowing, the APY is an even better measure for comparing bank deposit products within and between banks. The APY, annual percentage yield, is the yield your investment will earn over the term of a year taking into account the effect of compounding. The percentage
Average bank savings rates and CD rates were little changed in the most recent national bank rate survey however, one bank is offering stand out rates on short term accounts for customers with fairly sizeable deposits. Seacoast Commerce Bank based in San Diego, California is offering the highest yields on short term CDs and money
On Friday, November 21, The Board of Directors of the FDIC approved a final rule to strengthen the agency’s Temporary Liquidity Guarantee Program. The rules are designed to further ease the rigid and apprehensive credit markets. The program is part of the larger bailout program already in place and only effects bank to bank borrowing
CD rates remained relatively stable in the most recent survey of the top national CD rates. The average CD rate, as measured by the rates on the best three month, six month, one year, two year and five year CD rates, was unchanged from the previous week. The Selectcdrates.com weekly CD rate survey showed the
A good way to keep mortgage payments under control with a new home loan in Indiana is to shop and compare Indiana mortgage rates carefully with an eye on service and costs. GMAC Mortgage is one of the top ten bank mortgage lenders in the nation that offers competitive mortgage rates and timely service for
A written agreement that explains the terms and conditions of the account, credit usage and payment by the cardholder, and duties and responsibilities of the card issuer.
An application or offer to purchase a U.S. Treasury bill, note, or bond.
A mutual fund whose shares are sold without a sales commission and without a 12b-1 fee of more than .25 percent per year.
The Rawlins National Bank first opened in the 1890’s in Wyoming. The Rawlins National Bank is the largest independent bank in Carbon County, with five offices located in Rawlins, East Rawlins, Saratoga, Hanna, and Longmont, CO. The Rawlins National Bank’s mission is “to provide Carbon County with quality financial products and services designed to make
A small-denomination bond issued by the U.S. government on which interest earned is free of federal tax.
Interest income from CDs, money market accounts and savings accounts is considered regular income. It’s taxed at the same rate as any other income you receive that year. Your bank or savings institution will send you a 1099-INT form stating the amount of interest that your CDs or other accounts earned by the
A type of insurance, also known as accident and health insurance, that makes payments on the loan if you become ill or injured and cannot work.
The area in a bank where checks are processed, paid, withdrawals and deposits are posted and interested earned on accounts is credited to those accounts.
Northrim Bank opened for business in a trailer in the parking lot at 3111 C Street with 21 employees in 1990 in Anchorage, Alaska. Northrim Bank has been FDIC insured since December 4, 1990. Northrim Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). The
A national bank is a private business. Generally, it sets its own interest rates on savings accounts. If you feel that your bank does not pay an adequate interest rate, shop around—and purchase your financial services accordingly.
A checking or similar account from which transfers can be made to third parties. Demand deposit accounts, negotiable order of withdrawal (NOW) accounts, automatic transfer service (ATS) accounts, and credit union share draft accounts are examples of transaction accounts at banks and other depository institutions.
On Friday evening, February 6, 2009 the FDIC announced the closure of three more banks: FirstBank Financial Services of McDonough, GA; Alliance Bank of Culver City, CA and County Bank of Merced, CA. These bank failures make the seventh, eighth and ninth failure this year of a federally insured bank. 2008 was expected to be