Sentences with phrase «deposits at a commercial bank»

The BIS differentiates between wholesale digital currencies, primarily used for clearing and settlement and available to financial market participants, and «general purpose» ones, which allow the general public to effectively «acquire» digital cash at the central bank rather than hold deposits at a commercial bank or hold central bank physical cash.

Funds on deposit at both commercial banks and credit unions are federally insured.

Not exact matches

And it lowered its deposit rate — the interest commercial banks receive for their holdings at the E.C.B. — to minus 0.4 percent, from minus 0.3 percent.

By charging banks more to keep deposits at the central bank and less to borrow from it, Mario Draghi, the E.C.B. president, and his colleagues hope to make it less attractive for commercial banks to hoard cash.

Lisa Lansdowne - Higgins, vice president of business deposits and treasury solutions, personal and commercial banking at RBC, discusses changes in innovation and free trade.

London Whale refers to the blowing up of $ 6.2 billion of insured deposits at JPMorgan's commercial bank through reckless trading in derivatives in London.

Bank reserves are in essence demand deposits of commercial banks at the Federal Reserve.

Considering the totality of this transaction we arrive at the following: the Fed has increased its assets by $ 1,000, a demand deposit of $ 1,000 was created at a commercial bank, but crucially, after the bank deposits the Fed's check, bank reserves have also increased by $ 1,000.

Commenting on the policy reversal, financial sector analysts at Afrinvest Group said «CBN reneged on its earlier policy, announcing its decision to allow commercial banks accept foreign currency deposits but was not clear on whether foreign currency transfers or withdrawals can be made».

M - 3 U.S. money supply consisting of M - 2 plus large time deposits ($ 100,000 or more) at depository institutions, repurchase agreements with maturities longer than one day at commercial banks, and institutional money market accounts.

M - 2 U.S. money supply consisting of M - 1 plus savings and small time deposits (less than $ 100,000) at depository institutions, overnight repurchase agreements at commercial banks, and money market mutual fund accounts.

Compared to CD rates at commercial banks, the APY for share certificates are higher at any term length for which they are available: among the top 20 credit unions by total deposits, the average APY for a 1 - year share certificate under $ 10,000 was 0.69 %, compared to an average of 0.26 % for the 1 - year CDs listed above.

Commercial banks are for - profit businesses that take deposits and make loans, paying interest on the deposits and lending money at higher rates to consumers and businesses.

Commercial deposit accounts are generally larger than retail accounts, especially for a bank of Capitol Federal's size and potential legal lending limits, said Andrew Christians, a managing director at Donnelly Penman & Partners.

At the end of 2011, total assets of the country's commercial banks grew by 22.3 per cent to US$ 190.6 billion in 2011 from 2010 while customer deposits increased by more than 18.5 per cent to US$ 100 billion.

Deposits at the $ 7.2 billion bank are up, and the delinquency rate on existing commercial real estate loans is 0 percent.