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The US Federal Reserve System consists of several different regional bank which together perform several of the functions of a Central Band, but it is not exactly the same as a Central Bank.
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Will banks be closed july5 2010?
Most banks that follow the same holidays as the federal reserve are closed on July 5th, since the 4th falls on a Sunday this year. Some banks accept transactions, but nothing can be processed until the 6th when the federal reserve is open again.
What products do banks produce?
Bank use money to make money. When you deposit money into your bank a portion of that goes into the vault as a reserve the rest of it is given out as loans. When a bank makes a loan for say a car that money eventually makes it to another bank. You give the money to the dealership then they put it in the bank. Their bank then puts some in the vault as a reserve and lends the rest of it out as loans. So now the same money that belonged to your bank nows belongs to a third party and there are now two loans on the same money. This is how banks make up money.
When you deposit money into the bank where does the money go?
First of all, the money goes into the banks overall cash reserve. This money is then used by the bank to grant loans to other customers who may ask for the same. By collecting interest from those loan customers, the bank makes a profit.
What are the Fractional reserve requirements for credit unions?
While they should be the same for banks (0% if a bank has less deposits than 12.4 million USD, 3% between that and 79.5 million, 10% above; in the United States), credit unions are usually too small for fractional reserve lending, as they are too small to be used by an entire chain of producers, so capital (government-created M0 money) will usually leave the credit union. Financial institutions can (if their central bank doesn't have reserve requirements) make as much internal money as they want, as long as they have enough M0 money on account at the central bank or clearing house to cover the typical amount of interbank transactions and withdrawals. This is why most credit unions are built on savings accounts and certificates of deposit, hence the term "savings and loan" rather than "deposits and loan". This is also why credit unions prefer credit cards over debit cards.
Who are the participants in the market foreign exchange market?
The participant in the Forex market are: Central banks (such as the bank of England and the Federal Reserve) , private hedge funds, governments, and then you have the speculators and individual traders. The best part of the Forex market is that the individual trader gets pretty much the same opportunities that the big players do. You have the opportunity to use great amounts of leverage, access to free trading platforms, and the opportunity to trade the same currency pairs at the same prices. Pay attention before choosing any Forex broker. Although you have enough skills on Forex Trading, your FX Broker can fool you. Be patient and spend more time on choosing the perfect Forex Broker.
Is the bank of the US the same as the national bank?
If you're referring to the "bank of the US" in terms of the Federal Reserve than no it's not the same as a national bank. The Federal Reserve is the central bank of the United States; just like the Bank of England is the central bank to England. It's main priorities are involved in dealing with monetary policy. In the US however, a bank can gain the status as N.A. at the end of the title because through the US Department of Treasury's, Office of the Comptroller grants a bank a national charter of operation.
What did Andrew Jackson do to the US bank?
He dismantled the central bank. Nowadays, since 1913, we have the Federal Reserve Bank, or the Fed, which is the U.S. central bank that the government controls much of. In Jackson's time, we had the same thing introduced, and he got rid of it. Then, in 1913, it got introduced again, and that is what we have now.
Which holidays does Wachovia Bank closed?
Wachovia observes the same holidays as the Federal Reserve.
Why cant we just tax the federal reserve for living in America?
For the same reason you cannot lift yourself into the air by pulling on your boots. The Federal Reserve does not "live in America". It is a system that manages the flow of cash within the country. It is the bank that is used by banks. You need to go study the Federal Reserve Bank.
Is state bank of India a central bank?
Yes and No. Actually speaking, there is a bank named Central Bank of India which offers commercial and retail banking services to citizens of India. At the same time, the term Central Bank of a Country refers to the bank that governs all banking operations in a country. If that is what you are referring to by central bank in your question, then Yes, Reserve Bank of India (RBI) is the central bank in the country.
Who owns the European central bank?
The same people who own the Federal Reserve and who owned the first national bank of America, The Second national bank of America, The Bank of England... The same people who has been responsible for almost every war on earth... The Rothschild A.K.A. the Illuminati who are satanist. No they are not Jewish but they pretend to be. They want us to hate everyone so while we are fighting each other they can own us all and laugh in the background. RISE UP FIGHT THE POWER! and God be with you. :)
What is the value of a 1929 one hundred dollar bill from the federal reserve bank of chicago with a g on it?
I am looking for the same answer... if anyone can answer that question please do.
What is meant by professional skill?
Professional skills are skills that you learned from one company that you can use in another company. For example, all I did all day long was to enter loose items, enter data into a spreadsheet for the accountant and entered NCi's information into the Federal Reserve Bank database. If I mentioned exactly duty to duty what I did at the Federal Reserve Bank, then the hiring manager would be confused because he or she isn't going to have the same database as the Federal Reserve Bank. No two jobs are similar.
Are the UK and US government securities the same?
No. Each country's securities are backed by their own national bank (the Bank of England or the Federal Reserve). Their value will depend on the perceived risk of investing in that economy.
Is there such a bill as a sister bill with the same serial number?
Yes. I have some. They would be made at a different federal reserve bank or they would have been made in a different year (if you want them to have the same denomination).
Is there such bill as a sister bill with the same serial number?
Yes. I have some. They would be made at a different federal reserve bank or they would have been made in a different year (if you want them to have the same denomination).
Why is there a red seal on your five dollar bill?
A red seal indicates that the bill is a US Note, a form of paper money that was issued directly by the federal government instead of through the Federal Reserve Bank. US Notes served effectively the same purpose as Federal Reserve Notes so both types were merged in the late 1960s.
