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| money kept in checkin accounts that can be withdrawn by depositers on demand |
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| deposits at a bank or financial institution that pay interest bu cant be withdrawn on demand, certain saving accounnts, money market deposit accounts, certificates of deposits. |
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| the total amount of readily available $ in the system & includes currency and demand deposits |
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| a term used by economists to describe the U.S monetary supply. includes all M1 monies plus time deposits and other money that are not immediatly accesible. |
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| the central bank of the US; has 12 district banks located in major cities. oversees nations menetary and credit systems and supports the on goin operation of Americas private banking syst. actions affect the interest rates banks charge, help keep inflation under control, and stabilize US financial syst. |
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| the purchase or sale of U.S gov bonds by the federal reserve to stimulate or slow down the economy |
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| FED banks hold a certain % of their deposits in reserve. some hold it in cash in vaults, or in account at a district bank. |
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| the interest rate that the FED charges its member banks |
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| selective credit controls |
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| the power of the FED to control consumer credit rules and margin requirments |
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| the proces in which financial institutions act as intermediaries btwn the suppliers and demanders of funds. |
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| an operating license issued to a bank by the FED or a state gov required for a commercial bank to do business |
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| depository institiutions formed specifically to encourage house hold saving and to make home mortgage loans |
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| non profit member owned financial cooperatives |
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| large pools of $$ set aside by corps, unions, and gov for later use in paying retirement benefits to their employees or members |
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Term
| FED deposit insurance corp (FDIC) |
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Definition
| an independant quasi-public corp backed by the full faith and credit of the US gov. that insures deposits in commercial banks and thrift institutions for up to a ceiling of $100,000 per account |
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