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Loans made, insured, or guaranteed under any program authorized by the Higher Education Act. Loan funds are used by the borrower for education purposes.
Interest rates on loan contracts, or debt instruments such as Treasury bonds or utility, industrial, or municipal bonds, having maturities greater than one year. Often called capital market rates.
A bank upon which a check is drawn and that pays a check or other draft.
The U.S. Treasury Department today announced it will allocate $20 billion to back a lending facility for the consumer asset backed securities market established by the Federal Reserve Bank of New York. Asset backed securities is a sweeping term used to define a type of debt security that consists of a pool of assets. The
Renasant Corporation is the parent of both Renasant Bank and Renasant Insurance. As of December 31, 2008, Renasant had assets of approximately $3.7 billion and operated over 65 banking, mortgage, financial services and insurance offices in Mississippi, Tennessee and Alabama. Renasant Bank offers an assortment of personal and business banking and investment services.
With flexible terms
Transaction which the cardholder bank returns either to its own merchant or to the merchant bank because the transaction fails to meet certain established criteria.
The Highlands Bank is headquartered in Jackson, Louisiana and has four additional bank branches in Slaughter, St. Francisville, Zachary and Baton Rouge. The bank was established on January 1, 1904. The Highlands Bank has been FDIC insured since January 1, 1934. The bank is chartered as a Federal Reserve Non-member, therefore the primary regulator is
A brokered CD is a CD that is sold through an intermediary, usually a brokerage firm, rather than directly by the bank or savings institution itself. Brokered CDs are issued by banks but are made available to the customers of the deposit broker. Some banks, besides providing CDs directly to their customers, broaden the number
Rates of interest paid on deposits and other investments, determined by the interaction of the supply of and demand for funds in financial markets.
The market in which corporate equity and longer-term debt securities, those maturing in more than one year, are issued and traded.
WaMu is back advertising some of the best CD rates available. We found one ad in the
Spokesman-Review on Sunday November 23, 2008. The ad by Wamu, which is part of JPMorgan Chase Bank now, promotes the banks three year term CD and five year term CD. The three year CD has an interest rate of
Citigroup Inc. will be receiving more funds from the U.S government and guarantees on certain losses. The bank made an agreement with the U.S. Treasury, the Federal Reserve Board, and the Federal Deposit Insurance Corp. (FDIC) on a series of steps to strengthen Citigroup capital ratios, reduce risk, and increase liquidity.
A press release by the
Investors use money market funds for a variety of reasons. One of the primary benefits of money market funds is that they offer safety, liquidity and desirable yields. The safety component is threefold. First, money market funds are highly regulated and must invest the money held for their investors in short term dollar denominated debt
Bank mortgage rates and Treasury rates moved measurably higher for the week while bank savings rates were mostly unchanged. Bank CD rates held fairly steady with the Selectcdrates.com composite rate index increasing by just 1/1000th of a percent for the week. Mortgage rates made their largest weekly move this year. Bank money
The way an “Internet bank” is regulated depends in large part on the type of institution it is. Some Internet banks are Internet sites on which customers of “bricks-and-mortar” depository institutions can access transaction services. Other Internet banks operate only through the Internet (“Internet- only”). The Federal Deposit Insurance Corporation (FDIC) monitors
Bank rates were mostly lower for the week ending September 10, 2010. Bank rates ending down for CD interest rates, mortgage rates and Treasury rates remained unchanged for credit card rates while the average yield for bank savings accounts and money market accounts advanced just slightly.
The composite CD interest rate index compiled by
Federal Reserve Currency and Coin Services
An important function of the Federal Reserve is ensuring that enough cash—that is, currency and coin—is in circulation to meet the public’s demand. When Congress established the Federal Reserve, it recognized that the public’s demand for cash is variable. This demand increases or decreases seasonally and as the level of
TCF Bank is promoting a top short term CD rate in the Chicago area and in Wisconsin. The bank offers a CD for a 7 month to 11 month term CD with a rate of 4.00%. The first ad was spotted in the Chicago Tribune on November 16, 2008 and today it can be found
There are two broad, fundamental types of money market mutual funds available to invest in. They are grouped as institutional money market funds and retail money market funds. These two categories are furthered subdivided into taxable and tax-free money market funds. Within the tax free money market fund category, the money market funds can be
First Place Bank is an Ohio based bank. First Place Financial Corp. is the p[aren’t company of First Place Bank is based in Warren, Ohio and has over $3.0 billion in assets. First Place Bank offers a variety of business and retail banking products, as well as a range of insurance products and services, real