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One of the twelve geographic regions served by a Federal Reserve Bank.
The collection of funds on an account which a bank charged off earlier.
There is no regulation governing how much money is required to open a new account, regardless of whether that account is a checking, savings or certificate of deposit. The minimum amount needed to open a new account is at the discretion of the individual financial institutions. They will be able to identify the
Iron Workers is a mutual savings bank established December 8th, 1879 in Chester Pennsylvania. The Bank was named after the local artisans who built iron clad ships, in the local ship yard. Iron Workers is a community bank specializing in retail and small business banking. The bank offers a variety of standard banking services from
Capital Pacific Bank is a full-service bank in Portland, Oregon. Capital Pacific Bank was established to provide support for businesses and the community in the Portland and Vancouver area. Headquartered in the Fox Tower in downtown Portland, the bank’s full array of products and services serves businesses, professionals and nonprofit organizations.
The bank was established on
In the event of a bank default that occurs before any of those items listed is cashed or credited to another account, these items would be included in the insurance amount for the account of the depositor that holds them.
The equity markets and interest rate markets have apparently absorbed recent world events and some level of normality has returned. Normal activity at this time is a rising stock market and mildly rising interest rates.
More good news for the economy was released last week with GDP revised upwards to 3.1% for the 4th quarter
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
Any written instrument having monetary value or evidencing a monetary transaction.
The last couple of weeks have been tumultuous times in the stock and interest rate markets. The debt crisis in Greece has created havoc in the markets resulting in wild swings in the stock market and a flood of funds into the safe harbor of the Treasury market driving bank rates and CD interest
An EFT authorized in advance to recur at substantially regular intervals.
One advantage of a fixed rate certificate of deposit over a money market account, high yield savings account or bond mutual fund is that you know exactly what the interest rate will be over the term of the CD. Most bank CDs are for a fixed rate and a fixed term. Money market accounts, savings
Bank of Fall River is a full service bank that was chartered in 1888. Bank of Fall River has four full service bank branch locations in Fall River, N. Dighton/Taunton and Fairhaven. Bank of Fall River has assets of more than $150 million.
In order to meet different savings needs, Bank of Fall River also offers
The following are excerpts from a report by the FDIC in their publication called Supervisory Insights. Supervisory Insights is published by the Division of Supervision and Consumer Protection of the Federal Deposit Insurance Corporation to promote sound principles and best practices for bank supervision. This report was a review on an overview of problems that
Twin River National Bank was established on November 15, 1979. The bank has been FDIC insured since that time. Twin River National Bank is chartered as a National Bank. The primary regulator is the Office of the Comptroller of the Currency. The bank has assets of approximately $52,157,000 at the end of 2008 and net
National bank CD rates were a mixed bag for the week ending August 28, 2009. Overall, CD interest rates had dropped modestly during the week. The short term rates absorbing most all of the loss in yield, while the longer term rates gained ever so slightly.
The average for the best six month CD rates fell
It was an interesting week for interest rate activity regarding consumer savings rates and lending rates. Bank CD rates showed some gain in yield, quite a surprise this week. Home loan borrowers continued to catch a break as mortgage rates moved lower. Savings account rates also drifted lower in fact, measurably lower. And credit card
CD rates continue to remain extraordinarily high during the fourth quarter. Competition among banks has kept interest rates up for most of this year. With the funds rate pushed down to a meager 1% and fruther economic weakness showing no sign of letting up, it would certainly not be surprising to see some declines in
The number used to identify an individual or entity for federal income tax purposes.
Online banking or internet banking can save time and possibly reduce late fees. Setting up automatic bill paying for large, recurring monthly bills will eliminate the cost of the mail, any late fees caused by oversight or late fees that may occur do to delayed mail delivery. With online bill paying you can manually request