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Repo is the shortened term for repurchase agreement. Repurchase agreements are financial instruments used in money markets and capital markets as a form of overnight borrowing. A repurchase agreement involves a short-term sale and subsequent repurchase of securities by a bank or other financial institution. They are most frequently completed with government securities but other
Depending on the circumstances and your State’s laws, you may be held responsible for the entire amount of the check that you cash at the bank or deposit into your account.
If your bank credited your account for a check that was later found to be insufficient, the bank can reverse the funds. As the
Even though they employ some of the most sophisticated and advanced software and machinery, banks are still known to make mistakes. Typically they’re a result of human error somewhere down the line, but the reason for the error is virtually irrelevant; the fact is that they do happen, more frequently than you probably imagine. The
Adams Bank & Trust is a family owned regional bank based in Ogallala, Nebraska. The bank’s history began in 1916 with a charter for a new state bank being granted to G.D. Adams. Mel Adams, the current chairman, is the grandson of the founder. Adams Bank & Trust is one of the largest agricultural lending
A table of yields or interest rates being paid on debt that is used to determine interest-rate changes for adjustable-rate mortgages and other variable-rate loans.
Mortgage rates dropped down to their lowest level of the year with all mortgage terms measured in the Selectcdrates.com weekly bank rate survey falling with the exception of FHA mortgage loan rates which were unchanged on the week. CD interest rates advanced slightly with three out of five maturities measured in the weekly survey showing
People’s United Bank offers a solid range of mortgage loan products with competitive interest rates within the six states served by the bank. The bank provides financial products and services including home mortgage loans in Connecticut, Massachusetts, Vermont, New York, New Hampshire, and Maine. People’s United Bank is the 53rd largest bank in the nation
NexBank based in Dallas Texas is offering a new CD rate promotion open to consumers nationwide. The CD rate promotion from NexBank covers three maturities with interest rates that are head and shoulders above the national average rates for similar term CDs. Terms on the certificates are in the mid-range, between 12 and months and
The regulation, by the Federal Reserve System, of the money supply in order to maximize production and employment and stabilize prices.
Compass Bank is one of the 25 largest banks in the U.S. The bank is headquartered in Birmingham, Alabama and operates more than 720 bank branches in Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico. Compass Bank is a wholly owned subsidiary of BBVA.
BBVA acquired Alabama based Compass Bank in 2007, BBVA Compass then
After the Federal Reserve set the target fed funds rates a hair above zero, savings rates have dropped rather significantly. Today’s low rates make the thought of keeping your money under the mattress a reasonable alternative. Before an investor resorts to a decision that dire, consider that there are still desirable interest rates on bank
The interest rate at which banks borrow surplus reserves and other immediately available funds. The federal funds rate is the shortest short-term interest rate, with maturities on federal funds concentrated in overnight or one-day transactions.
The risk that a portion of an investment’s return that is driven or the result of inflation expectations.
Flood insurance protects against water from an overflowing river or a hurricane’s tidal surge and also covers damage from water that builds up during storms.
Pacific Mercantile Bank is owned by the holding company Pacific Mercantile Bancorp. Pacific Mercantile Bank is a state chartered commercial bank and member of the Federal Reserve System. The bank began operations on March 1, 1999. The bank, headquartered in Costa Mesa, California, operates eight financial centers in Orange, Los Angeles, San Bernardino and San
The Fourth of July celebration was good to the interest rate markets. Borrowing costs dropped and key savings rates increased. We could definitely use more weeks like this to stimulate the economy and help out the consumer with lower borrowing costs and increased savings rates of return.
Weakening economic results in the U.S. are now as
Bank rates were fairly contained for the third week of the New Year with CD rates and mortgage rates showing very little movement from the previous week. What movement there was in bank interest rates was slightly to the downside. The Federal Reserve’s monetary stimulus programs that includes the purchase of mortgage bonds and Treasury
The Federal Reserve lowered short-term interest rates a half-point this week. The benchmark federal-funds rate now stands at 1%. The Federal Reserve and other central banks have been injecting liquidity into the financial system to keep funds available and ease credit constraints. While some areas of the financial markets have shown improvement, credit is still
The Federal Open Market Committee, FOMC, is the Fed’s most important policymaking body. It is comprised of all 7 members of the Board of Governors along with the presidents of the Regional Federal Reserve Banks. All 12 presidents participate fully in each FOMC meeting, communicating information and views about the economy to the
Bank of Commerce has established the highest interest rates on short term CDs in Oklahoma. The bank presently offers a 9 month CD that earns an interest rate of 3.25% APY. If the CD is combined with a loan or non interest bearing checking account from Bank of Commerce, the interest rate on the CD