Money center banks


Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
Related to Money center banks: Commercial banks

Money center banks

Banks that raise most of their funds from the domestic and international money markets , relying less on depositors for funds.

Money Center Bank

A large commercial bank in a major city. Smaller banks use the interest rates and business practices of money center banks to influence their own. For that reason, money center banks are considered leaders (at least regionally). They are also called money market center banks.
References in periodicals archive ?
Any surprise restrictions on dividends and share buybacks on the Fed CCAR 'stress tests' is also a risk for money center banks.
A headhunter told us of a man who'd been a star at several money center banks.
money center banks have reported exceptional profits from their foreign exchange trading activity; presumably their foreign counterparts also have earned large trading profits.
But, if so, why is a range of that magnitude realistic when very few national and large regional money center banks have stockholders' equity of 5 percent of assets and most community banks have stockholders' equity of 7 percent to 10 percent of assets?
The money was placed in large-denomination certificates of deposit in the money center banks, which held the deposits in offshore banking sanctuaries such as the Cayman Islands in order to provide protection for the Opec depositors against seizure, avoid U.
Singleton will work with Composite Software's financial services customers, currently representing 10 of the top 20 global money center banks, as well as penetrate additional European-based financial institutions.
Taken together, the assets of the top twenty regional banks equal the size of about one of the money center banks.
This turnaround aided the partial recovery in the profitability of money center banks, which hold the bulk of U.
Smaller companies will not get attention from money center banks, she said, and if they go to regional banks, they will hear that the banks have gotten out of the export financing business.
The money center banks aren't particularly eager to lend more to Third World borrowers who have already burned them once.
Loan Origination Tops New York's Money Center Banks