Sentences with phrase «with federal deposit»

RESPA applies generally to «federally related mortgage loans,» which means loans (other than temporary financing such as construction loans) secured by a lien on residential real property designed principally for occupancy by one to four families and that are: (1) Made by a lender with Federal deposit insurance; (2) made, insured, guaranteed, supplemented, or assisted in any way by any officer or agency of the Federal government; (3) intended to be sold to Fannie Mae, Ginnie Mae, or (directly or through an intervening purchaser) Freddie Mac; or (4) made by a «creditor,» as defined under TILA, that makes or invests in real estate loans aggregating more than $ 1,000,000 per year, other than a State agency.

Not exact matches

Camden R. Fine, president and CEO of the IBCA says that the seemingly constant drumbeat of stories about big banks taking advantage of consumers and entering into huge legal settlements with federal regulators will only help small banks increase their deposit share.

The banks that are affiliated with the Federal Reserve park their reserves (cash from deposits) at the Fed.

Others include U.S. Treasury deposits, Federal Reserve Bank «float,» and overnight reverse repos conducted with foreign central banks.

an independent agency of the federal government, created in 1933, charged with preserving and promoting public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions up to applicable limits; by identifying, monitoring, and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails; further information on the FDIC and FDIC coverage may be found at fdic.gov

The latter re-incorporated themselves as «banks» to get Federal Reserve handouts and access to the Fed's $ 2 trillion in «cash for trash» swaps crediting Wall Street with Fed deposits for otherwise «illiquid» loans and securities (the euphemism for toxic, fraudulent or otherwise insolvent and unmarketable debt instruments)-- at «cost» based on full mark - to - model fictitious valuations.

You see, back in those (relatively) halcyon days, the Fed got by with what now seems like a modest - sized balance sheet, the liabilities of which consisted mainly of circulating Federal Reserve notes, supplemented by Treasury and GSE deposit balances and by bank reserve balances only slightly greater than the small amounts needed to meet banks» legal reserve requirements.

With banks holding fractional reserves of Federal Reserve dollars (notes and deposit claims on the books of the Fed, whose sum is called «the monetary base»), when the Fed increases the quantity of Federal Reserve dollars by $ 1 billion, the banking system ordinarily creates a multiple amount of deposit dollars.

Federal deposit insurance, since its birth in the 1930s, has meant that a comparatively risky bank (one with capital less adequate to cover potential losses on its asset portfolio) no longer faces a penalty in the market for retail deposits.

In addition, Navy Federal has pledged to match lenders with lower mortgage rates for your first mortgage; if it's unable to do so, the credit union will deposit $ 1,000 in your bank account after closing.

Federal law limits transfers to another deposit account with BBVA Compass or to a third party by means of a preauthorized agreement, telephonic request, check, debit card, draft or similar order (including Online Banking transfers and sweep transfers from a savings or money market account) to a total of six (6) per month.

With the start of the Federal Deposit Insurance Corporation, the government gave customers confidence that even if times were tough, consumers would be paid back for the money they had deposited in banks.

Deposits with PNC Bank Canada Branch are held in Canada and are therefore not insured by the United States Federal Deposit Insurance Corporation (FDIC), nor are they guaranteed by the United States Government or any agency thereof.

Deposits with PNC Bank Canada Branch are not insured by the Federal Deposit Insurance Corporation, nor are they guaranteed by the United States Government or any agency thereof.

The Trust is not a banking institution or otherwise a member of the Federal Deposit Insurance Corporation («FDIC») or Securities Investor Protection Corporation («SIPC») and, therefore, deposits held with or assets held by the Trust are not subject to the protections enjoyed by depositors with FDIC or SIPC member institutions.

There are issues with finances (federal law considers marijuana a controlled substance, and therefore banks and credit unions won't accept deposits from these companies).

More so, the court held that the senator must deposit his international passport with the Federal Capital Territory Police Command.

A public filing that established the political action committee this month with the Federal Election Commission showed no deposits yet in the PAC's account.

(c) The term «loan guarantee» means any Federal government guarantee, insurance, or other pledge with respect to the payment of all or a part of the principal or interest on any debt obligation of a non-Federal borrower to a non-Federal lender, but does not include the insurance of deposits, shares, or other withdrawable accounts in financial institutions.

Shell V - Power NiTRO + Premium Gasoline, with seven times the cleaning agents required to meet federal standards, removes an average of 60 % of harmful intake valve deposits left behind by lower quality premium gasoline, starting with the very first tank *.

NCUA, with the backing of the full faith and credit of the U.S. government, also operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of nearly 90 million account holders in all federal credit unions and the majority of state - chartered credit unions.

Filed Under: Banking Advice Tagged With: alternative, angry retail banker, bank account, bank debit card, banking alternative, benefits of a prepaid debit card, cfpb, consumer financial protection bureau, direct deposit, drawbacks of a prepaid debit card, fdic, federal deposit insurance corporation, high fees, maintenance fees, monthly minimum, no monthly minimum, online bill pay, overdraft fees, prepaid cards, prepaid debit card, prepaid debit card fees, prepaid visa, reloadable card, traditional bank account, visa card

At the end of each pay period, Joe's company takes the withheld money, along with all of withheld tax money from all of its employees, and deposits the money in a Federal Reserve Bank.

(B) «Credit repair services organization» does not include: (i) Any person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States; (ii) Any bank or savings and loan institution whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Savings Association Insurance Fund of the Federal Deposit Insurance Corporation; (iii) Any nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986; (iv) Any person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (v) Any person licensed to practice law in this state if the person renders services within the course and scope of his or her practice as an attorney; (vi) Any broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission if the broker - dealer is acting within the course and scope of those regulatory agencies; or (vii) Any consumer reporting agency as defined in the federal Fair Credit Reporting Act (15 U.S.C. 1681 - Federal Deposit Insurance Corporation or the Savings Association Insurance Fund of the Federal Deposit Insurance Corporation; (iii) Any nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986; (iv) Any person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (v) Any person licensed to practice law in this state if the person renders services within the course and scope of his or her practice as an attorney; (vi) Any broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission if the broker - dealer is acting within the course and scope of those regulatory agencies; or (vii) Any consumer reporting agency as defined in the federal Fair Credit Reporting Act (15 U.S.C. 1681 - Federal Deposit Insurance Corporation; (iii) Any nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986; (iv) Any person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (v) Any person licensed to practice law in this state if the person renders services within the course and scope of his or her practice as an attorney; (vi) Any broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission if the broker - dealer is acting within the course and scope of those regulatory agencies; or (vii) Any consumer reporting agency as defined in the federal Fair Credit Reporting Act (15 U.S.C. 1681 - federal Fair Credit Reporting Act (15 U.S.C. 1681 - 1681t).

Reserve requirements: A specified percentage of customers» deposits which a bank must keep on deposit with the Federal Reserve System.

Tower Federal Credit Union offers competitive rates with low (or no) fees on checking accounts, savings accounts, and other deposit accounts.

Companies with business accounts established at ETFCU that are enrolled in the Electronic Federal Tax Payment System (EFTPS) can make monthly or quarterly payroll tax deposits by phone, computer, or by having Evansville Teachers Federal Credit Union initiate the payments from the company's account.

This lending facility is known as the deposit window; it is different from the interbank borrowing that institutions with deposits at the Fed do among themselves, which is governed by the federal funds rate.

The Federal Housing Authority (FHA) program is popular with first - time buyers who lack the capital for a large upfront deposit.

(1) The following shall be exempt from the Credit Services Organization Act: (a) A person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act, 12 U.S.C. 1701 et seq.; (b) A bank or savings and loan association whose deposit or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or a subsidiary of such a bank or savings and loan association; (c) A credit union doing business in this state; (d) A nonprofit organization exempt from taxation under section 501 (c)(3) of the Internal Revenue Code; (e) A person licensed as a real estate broker or salesperson under the Nebraska Real Estate License Act acting within the course and scope of that license; (f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney; (g) A broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (h) A consumer reporting agency; (i) A person whose primary business is making loans secured by liens on real property; (j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 - 1217.

Several online banks operated by credit unions based in Manitoba offer 2 per cent, but they operate under a deposit insurance plan that lacks the federal government backing of Canada Deposit Insurance Corp. «Personally, I wouldn't be comfortable with them,» Ms. Birenbaum said.

All banks, savings and loan associations, and credit unions doing business in Missouri have federal deposit insurance with the FDIC for banks, and NCUSIF for credit unions.

Are you already a First Federal Bank customer with a deposit or loan account with us that has a balance of $ 20,000 or more?

All deposit accounts through BofI Federal Bank brands are not separately insured by FDIC from other deposit accounts held with the same ownership and / or vesting at BofI Federal Bank.

BankRate.com: For market rates on loans, bank deposits, and insurance ADP Take Home Pay Calculator: Estimate your net take home pay StudentLoans.gov: U.S Department of Education site with federal loan information, tools, and resources.

«Credit Services Organization» does not include any of the following: (i) a person authorized to make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act of 1987.

The Investment Management segment comprised of fixed rate investments, trading securities, and depending on liquid cash position, federal funds sold and interest - bearing deposits with banks.

If you compare MMDAs with money - market funds, the limits on liquidity and typically lower rates add up to a high premium to pay for federal deposit insurance.

It is expressly agreed that notwithstanding any other provisions of this contract, the purchaser shall not be obligated to complete the purchase of the property described herein or to incur any penalty by forfeiture of earnest money deposits or otherwise unless the purchaser has been given in accordance with HUD / FHA or VA requirements a written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement Lender, setting forth the appraised value of the property of not less than $.

The amount of cash reserves a financial institution is keeping either in its vault or deposited with the Federal Reserve depends on the amount of demand deposits the institution is holding.

All deposit accounts through BofI Federal Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and / or vesting at BofI Federal Bank.

E-file your federal and state tax return with direct deposit to get your fastest tax refund possible.

Banks must hold reserves in the form of vault cash or deposits with Federal Reserve Banks.

A margin account with a sweep preference of Money Market Fund will be subject to our general policy, which requires the deposit in cash or collateral on initial transactions of 50 % of the value of the marginable security as prescribed under Regulation T of the Board of Governors of the Federal Reserve System.

You can join Bayer Heritage Federal Credit Union with a $ 5 minimum deposit to your Share Savings Account.

Second, the Treasury could sell bills and deposit the proceeds with the Federal Reserve.

There really is no difference in safety between depositing money in a CD with a credit union versus a bank, as long as they participate in either the National Credit Union Administration (NCUA) for credit unions, or the Federal Deposit Insurance Corporation (FDIC) for banks.

All products on this list are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA), but with jumbo CDs, it's especially important to remember that only deposits up to $ 250,000 are insured.

Eligible pre-existing deposits with a Federal Credit Union are provided transitional coverage.

Still, with Air Force Federal Credit Union's seven - year IRA CD, you would earn $ 616.72 on a minimum deposit of $ 2,500 when the IRA CD matures.