Home » Page 3

Blog Archives

Bank note

Posted by Posted In

A term used synonymously with paper money or currency issued by a bank. Notes are, in effect, a promise to pay the bearer on demand the amount stated on the […]

Read More

Bank regulation

Posted by Posted In

The formulation and issuance by authorized agencies of specific rules or regulations, under governing law, for the conduct and structure of banking.

Read More

Bank run (bank panic)

Posted by Posted In

A series of unexpected cash withdrawals caused by a sudden decline in depositor confidence or fear that the bank will be closed by the chartering agency, i.e. many depositors withdraw […]

Read More

Bank supervision

Posted by Posted In

Oversight of individual banks to ensure that they are operated prudently and in accordance with applicable statutes and regulations.

Read More

Banker’s acceptances

Posted by Posted In

Banker’s acceptances are negotiable time drafts, or bills of exchange, that have been accepted by a bank which, by accepting, assumes the obligation to pay the holder of the draft […]

Read More

Bankruptcy

Posted by Posted In

A legal proceeding declaring that an individual is unable to pay debts. Chapters 7 and 13 of the federal bankruptcy code govern personal bankruptcy.

Read More

Barter

Posted by Posted In

The direct exchange of goods and services among people. No money is used in the exchange.

Read More

Beige Book

Posted by Posted In

Eight times a year, prior to FOMC meetings, each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and […]

Read More

Board of Governors

Posted by Posted In

Central, governmental agency of the Federal Reserve System, located in Washington, D.C., and composed of seven members who are appointed by the President and confirmed by the Senate. The Board […]

Read More

Book-entry securities

Posted by Posted In

Securities that are recorded in electronic records, called book entries, rather than as paper certificates. Ownership of U.S. government book-entry securities is transferred over Fedwire.

Read More