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Personal banking
Referring to the business when banks carry out transactions with customers directly, rather than with other banking institutions or with large corporations.
Industry: Banking
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Personal banking
fixed-period ARM
Banking; Personal banking
MBSs that are fixed-rate instruments for an initial period and floating-rate securities thereafter. The initial, fixed-rate period may be 3, 5, 7, or 10 years. After the expiration of the fixed-rate ...
fixtures
Banking; Personal banking
Fixtures are items that become attached to real property. Examples are heating and air conditioning systems, wall-mounted shelving, and security alarm systems. Lenders must be extremely cautious ...
flex repo
Banking; Personal banking
A term repo/reverse transaction that allows for the investor to sell some of the collateral securities back to the borrower before the final maturity date of the transaction. Flex repos are well ...
flight to quality
Banking; Personal banking
The situation in which many investors sell or reduce purchases of less creditworthy investments and simultaneously buy or increase purchases of the most creditworthy investments. Flights to quality ...
float
Banking; Personal banking
The use of funds generated as a result of timing differences in the check-clearing system. For banks, float occurs because debits given by the Federal Reserve to a bank's reserve account for checks ...
fed float
Banking; Personal banking
The time lag between when the proceeds of a check are available to a bank according to the availability schedule and when the check is actually presented for payment (clears against the payer’s ...
Fed wire
Banking; Personal banking
An informal name for the Federal Reserve Communications System. This is the electronic communication network interconnecting Federal Reserve offices, the Federal Reserve Board, member banks, the U.S. ...