Nonbank Banks

Business / Taxes / Nonbank Banks: Nonbank banks, also called limited-service banks, offer some but not all of the services of a traditional commercial bank. They're typically owned by companies, including insurance companies, brokerage firms, and retail stores to provide financial services without being limited by the regulations that govern traditional banks, such as restrictions on interstate and branch banking. Many nonbank banks are insured by the Federal Deposit Insurance Corporation (FDIC). Those banks are subject to the same reserve requirements and examinations as regular banks. Opponents of nonbank banks believe they drain financial resources away from small towns to big cities in other states and undermine the nation's decentralized banking system.

Money Center Banks

Business / Finance / Money Center Banks: Banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds. MORE

Nonbank Banks

Business / Taxes / Nonbank Banks: Nonbank banks, also called limited-service banks, offer some but not all of the services of a traditional commercial bank. They're typically owned by companies, including insurance companies, brokerag MORE

Federal Home Loan Banks

Business / Finance / Federal Home Loan Banks: A federal tax imposed on assets conveyed as gifts to individuals. MORE

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