Personal banking

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

Federal Financial Institutions Examination Council (FFIEC)

Banking; Personal banking

A body comprising representatives from all of the federal banking regulatory organizations (the Federal Reserve System, the FDIC, the OCC, the OTS, and the National Credit Union Administration). The ...

federal funds

Banking; Personal banking

Short-term investments/borrowings between banks, usually called fed funds. The investing/lending bank refers to the transaction as fed funds sold while the borrowing bank refers to the transaction as ...

Federal Home Loan Bank System (FHLB)

Banking; Personal banking

A U.S. government-sponsored enterprise. Twelve district banks and a Federal Housing Finance Board created by the U.S. government and owned by member financial institutions. The main purpose of the ...

Federal Home Loan Mortgage Corporation (FHLMC)

Banking; Personal banking

A U.S. government-sponsored enterprise. FHLMC is owned by member financial institutions and is not an agency of the U.S. government. It provides financial products and services in the mortgage market ...

Federal Housing Administration (FHA)

Banking; Personal banking

An agency within the Department of Housing and Urban Development (HUD) that provides insurance for single-family and multifamily residential mortgages.

Federal National Mortgage Association (FNMA)

Banking; Personal banking

A U.S. government sponsored enterprise. FNMA is a private corporation created by the U.S. government to facilitate financing for housing. Informally but widely known as Fannie Mae.

fee appraiser

Banking; Personal banking

An individual qualified under federal rules to perform real estate appraisals. Unlike a staff appraiser, a fee appraiser is not employed by the financial institution contemplating the extension of ...