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Bank note |
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Bank noteA 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 face of the note. Today, only the Federal Reserve Banks are authorized to issue bank notes, i.e. Federal Reserve notes, in the United States.Bank note Similar MatchesRegional bankRegional bankA bank operating in a specific region of the country, taking deposits and offering loans. Issuing bankIssuing bankBank that issues a letter of credit. Federal Home Loan BanksFederal Home Loan BanksBanks created under the Federal Home Loan Bank Act of 1932, in order to keep a permanent supply of money available for home financing. The banks are controlled by the Federal Home Loan Bank Board. Savings and loans, insurance companies, and other similar companies making long term mortgage loans may become members of the Federal Home Loan Bank System, and thus may borrow from one of the regional banks throughout the country. Riegle Neal Interstate Banking and Branching Efficiency Act of 1994Riegle Neal Interstate Banking and Branching Efficiency Act of 1994Law permitting interstate banking in the US Bankruptcy riskBankruptcy riskThe risk that a firm will be unable to meet its debt obligations. Also referred to as default or insolvency risk. Further SuggestionsFederal Intermediate Credit BankBankruptcy Interbank rate Interbank market Savings bank Moscow Interbank Currency Exchange (MICEX) Girobank plc Trustee in bankruptcy bank line Permissiable nonbank activities banker's acceptance Voluntary bankruptcy BBA British Bankers Association Bank trust department Bankers Automated Clearing Services banker's reference International Bank for Reconstruction and Development (IBRD) consortium bank Mutual savings bank Eurobank World Bank Collecting Bank Bank run (bank panic) Federal Reserve Bank member bank |
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