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Financial institution |
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Financial institutionAn enterprise such as a bank whose primary business and function is to collect money from the public and invest it in financial assets such as stocks and bonds.Financial institutionAn institution which accepts funds from the public and reinvests in bank deposits, bonds and stocks etc. These include banks and insurance companies. In the UK a building society would be included.Similar MatchesInstinet (Institutional Networks Corporation)Instinet (Institutional Networks Corporation)Computerized subscriber service that serves as a vehicle for the fourth market. "Instinet" is registered with the SEC As a stock exchange it numbers among its subscribers a large number of mutual funds and other institutional investors linked to each other by computer terminals. The system permits subscribers to display bids and offers (which are exposed system wide for whatever length of time the initiating party specifies) and to consummate trades electronically. Instinet is largely used by market makers, but, nonmarket makers and customers have equal access. Institutional brokerInstitutional brokerA broker who buys and sells securities for institutional investors such as banks, and mutual funds, pensions. Depository institutionDepository institutionA financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks and credit unions. Although historically they have broadened their powers in recent years. For example, NOW accounts, credit union share drafts and other services similar to checking accounts may be offered by thrift institutions. Foreign official institutionsForeign official institutionsCentral governments of foreign countries, including all departments and agencies of national governments; central banks, exchange authorities, and all fiscal agents of foreign national governments that undertake activities similar to those of a treasury, central bank, or stabilization fund; diplomatic and consular establishments of foreign national governments; and any international or regional organization, including subordinate and affiliate agencies, created by treaty or convention between sovereign states. Thrift Institution Advisory Council (TIAC)Thrift Institution Advisory Council (TIAC)A council, established following the passage of the Monetary Control Act of 1980, whose purpose is to provide information and views on the special needs and problems of thrifts. The group is comprised of representatives of savings banks, savings and loan associations, and credit unions. Further SuggestionsInternational financial institutioninstitution institutional investor Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) Thrift institution Institutional Lenders Financial institution buyer credit policy thrift institution Depository Institutions Deregulation and Monetary Control Act |
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