Sentences with phrase «run on bank deposits»

Not exact matches

While deposits in checking and savings accounts can be volatile, as people might draw their money out all at once (run on the bank), CDs provide much needed funding stability, so banks are willing to pay a little more.

«The intention of all stakeholders,» he adds, «is to offer an environment where depositors can place their money without any risk or concern,» even if events beyond the bank's control lead to a run on its deposits.

One rabble - rouser, Arianna Huffington, has concocted a remarkable stunt, which she calls the Move Your Money Project, to rally consumers to transfer their deposits from big banks to small community banks across the U.S. Alas, there's no run yet on Citigroup

The average person is surprised to learn that banks lend the same money out multiple times, which is why a run on a bank is inevitably a disaster, as no bank has on hand anything like the sum of what all its depositors have deposited.

On the stand, Howe admitted to a long history of financial fraud: Embezzling more than a million dollars from his firm, stiffing contractors that did work on his house, running up debt on a friend's credit card, and once defrauding a bank of $ 45,000 that he said he'd deposited in what was actually an empty envelopOn the stand, Howe admitted to a long history of financial fraud: Embezzling more than a million dollars from his firm, stiffing contractors that did work on his house, running up debt on a friend's credit card, and once defrauding a bank of $ 45,000 that he said he'd deposited in what was actually an empty envelopon his house, running up debt on a friend's credit card, and once defrauding a bank of $ 45,000 that he said he'd deposited in what was actually an empty envelopon a friend's credit card, and once defrauding a bank of $ 45,000 that he said he'd deposited in what was actually an empty envelope.

Our house was in a rural part of Pennsylvania and was not really a house at all but a wild castle built into the burnt - out ruins of a nineteenth - century silk mill, and our backyard was not a regular yard but a meandering meadow, with a creek running through it and wild geese living in it and a Death Slide cable that ran from high on an oak to the bank of the stream and deposited you, shrieking, into the shallow water.

Nine) Though deposit insurance avoids runs on the bank, the repo market allowed for new sort of run on bank.

He finally collected what he needed to meet payroll and ran to the bank where begged them to process the deposit and payroll on the same day and luckily he was able to pay his employees.

There can be no «run on the bank» against which deposit insurance is necessary.

Considering some of the bank's other stop / start initiatives, the more likely reality was that the bank was slow to get their business and personnel up and running — so funds were placed on inter-bank deposit by default.

Also, banks need deposits on which they have to pay interest to keep running.

Responsibilities Prepared cash flow analysis, financial reports and maintained budget files including preparing bank deposits and balance sheets Performed general office duties such as filing reports, typing and running computer programs Efficiently maintained students records and business reports with accuracy and in a timely fashion Negotiated with vendors on the cost of goods received and managed inventory levels Implemented computer system to help keep records updated faster and easier

A successful accounting assistant should be familiar with all accounting procedures and have a flair for numbers.Ultimately, a successful Accounting Clerk will ensure that the company's daily accounting functions run accurately and effectively.ResponsibilitiesProvide accounting and clerical support to the accounting departmentType accurately, prepare and maintain accounting documents and recordsPrepare bank deposits, general ledger postings and statementsReconcile accounts in a timely mannerDaily enter key data of financial transactions in databaseProvide assistance and support to company personnelResearch, track and restore accounting or documentation problems and discrepanciesInform management and compile reports / summaries on activity areasFunction in accordance with established standards, procedures and applicable lawsConstantly update job knowledgeRequirementsProven accounting experience, preferably as an Accounts receivable clerk or Accounts payable clerkFamiliarity with bookkeeping and basic accounting proceduresCompetency in MS Office, databases and accounting software including QuickbooksHands - on experience with spreadsheets and financial reportsAccuracy and attention to detailAptitude for numbersAbility to perform filing and record keeping tasksData entry and word processing skillsWell organizedHigh school degreeAssociate's degree or relevant certification is a plusBENEFITSWe offer: 401KPaid TrainingHealth Benefits (Medical, Dental, and Vision) Personalized GrowthPaid time off