Money center banks


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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 ?
Such problems particularly affected stock prices of several New England bank holding companies, while concerns over economic problems in several heavily indebted developing countries depressed the stock prices of vulnerable money center banks.
On the brighter side, the weakness in earnings of regional and money center banks did not hamper a rally in their equity prices, which rose sharply during the first quarter to outperform broader stock price indexes.
Since the third quarter of 1989, many of the money center banks have made large additions to reserves for such loans.
For all banks with foreign offices, reported income losses from business abroad were somewhat larger than the positive net income reported on a consolidated basis; at money center banks, foreign income losses were almost three times the total net loss reported by this group.
These developments notwithstanding, money center banks continue to be heavily involved in the C&I loan business.
The Bank has professional banker's strategically positioned at offices in Danville and Pleasanton and offers additional depository access with internet-based cash management products, its courier service and correspondent relationships with money center banks.
As a regional banking concern, Norwest is unique in introducing synthetic GICs, most of which have been introduced by East Coast money center banks, Tourville said.
The Open Custody SMA gives these institutions the tools to compete more effectively against wire-house brokers and money center banks for high-net worth and middle market institutional assets.
Management Technologies, founded in 1980, has banking systems installed in money center banks in North America, Eastern and Western Europe, Asia, Australia and New Zealand.
ABA is the nation's largest bank trade association, representing community, regional and money center banks and bank holding companies, savings associations, trust companies and savings banks.
The Bank has professional banker's strategically positioned at offices in Danville and Pleasanton and offers additional depository access with Internet-based products, its courier service and correspondent relationships with money center banks.
The Bank has professional bankers strategically positioned at offices in Danville and Pleasanton, and offers additional depository access with Internet-based products, its courier service and correspondent relationships with money center banks.