commercial banks
Main street financiers
Commercial banks are financial institutions that accept deposits, make loans, and provide basic services like checking accounts and savings accounts to individuals and businesses.
They differ from investment banks, which focus on securities trading and corporate finance rather than everyday banking.
Most banks encountered by ordinary consumers are commercial banks: Chase, Bank of America, and Wells Fargo are the largest commercial banks in the United States.
Federal deposit guarantor
- capital requirementsMinimum funds banks must hold
- complianceAdhering to requirements
- auditFormal accounts examination
- charterFounding organizational document
licensing · consumer protection · stress test · federal reserve · Dodd-Frank · fiduciary · disclosure
Interest-bearing bank holding
- checking accountBank deposit for transactions
- depositPlace for safekeeping
- interestAttention, stake, or fee
- certificate of depositTime-locked bank savings
money market · FDIC insurance · withdrawal · balance · statement · direct deposit · overdraft · minimum balance
Borrowed money arrangements
- creditRecognition or payment deferral
- mortgagesLoans secured by property
- borrowersThose receiving loans
- financingProviding capital for purchases
underwriting · collateral · default · principal · creditworthiness · term loan · revolving credit · personal loan
Electronic bank-to-bank payment
- debit cardPayment from checking account
- credit cardBorrowed-funds payment tool
- notaryDocument authentication official
- safe deposit boxRented secure bank compartment
bill pay · foreign exchange · cashier's check · money order · account statement · customer service · branch · drive-through
Overseeing affluent clients' finances
- financial advisorProfessional guiding monetary decisions
- brokerageTransaction-facilitating service
- securitiesTradeable financial assets
- mutual fundsCollectively managed securities portfolios
retirement planning · IRA · portfolio · asset management · annuities · estate planning
Yearly borrowing cost
- prime rateBank's benchmark lending percentage
- rate cutLowered borrowing cost
- fixed rateUnchanging interest percentage
- adjustable rateInterest that fluctuates
yield · spread · basis points · discount rate · usury · compounding
FDIC
Federal deposit guarantor
- capital requirementsMinimum funds banks must hold
- complianceAdhering to requirements
- auditFormal accounts examination
charter · licensing · consumer protection · stress test · federal reserve · Dodd-Frank · fiduciary · disclosure
savings account
Interest-bearing bank holding
- checking accountBank deposit for transactions
- depositPlace for safekeeping
- interestAttention, stake, or fee
certificate of deposit · money market · FDIC insurance · withdrawal · balance · statement · direct deposit · overdraft · minimum balance · passbook
loans
Borrowed money arrangements
- creditRecognition or payment deferral
- mortgagesLoans secured by property
- borrowersThose receiving loans
financing · underwriting · collateral · default · principal · creditworthiness · term loan · revolving credit · personal loan · auto loan
wire transfer
Electronic bank-to-bank payment
- debit cardPayment from checking account
- credit cardBorrowed-funds payment tool
- notaryDocument authentication official
bill pay · safe deposit box · foreign exchange · cashier's check · money order · account statement · customer service · branch · drive-through · night deposit
wealth management
Overseeing affluent clients' finances
- financial advisorProfessional guiding monetary decisions
- brokerageTransaction-facilitating service
- securitiesTradeable financial assets
mutual funds · retirement planning · IRA · portfolio · asset management · annuities · estate planning
APR
Yearly borrowing cost
- prime rateBank's benchmark lending percentage
- rate cutLowered borrowing cost
- fixed rateUnchanging interest percentage
adjustable rate · yield · spread · basis points · discount rate · usury · compounding
- bankingATM, ATMs, account, accounts, deposit
- financeCFO, controller, finance, treasurer, financial analyst
- US bankingFDIC, Fed, Federal Reserve, Glass-Steagall, savings and loan
- Banking HistoryFederal Reserve, gold standard, Glass-Steagall, FDIC, paper money
- financial institutionscredit unions, savings and loan, thrifts, savings and loans, building societies
- lenderslenders, mortgage lenders, neobanks, microfinance, loan services
commercial banksinvestment banks
Securities underwriting institutions
central banks · federal reserve · World Bank · private banks · hedge funds
commercial bankscentral banks
Government monetary policy institutions
Federal Reserve · Bank of England · European Central Bank · national banks · state banks
bank, banking, commerce, commercial, banks, commercials, noncommercial, ecommerce, commercial bank