Net float

Net float

Net Float

The total amount of float in a bank account. It is calculated by subtracting the disbursement float money spent but not yet taken out of the account from the collection float money deposited but not yet cleared. The net float, when added to or subtracted from the previous balance, shows how much money is in the bank account. The net float is important when an account holder deal primarily in checks, and, thus, transactions take longer to process; it is less important when an account deals primarily in direct deposits and debit cards. See also: Check hold.
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A $22 million increase in net float loss to $23 million in the first quarter of 1994, compared to a net float loss of $1 million in the first quarter of 1993.
Figures 4, 5, 6 and 7 show the net float days that can be anticipated for Fannie Mae MBS prepayments that happen on specific days of the month, assuming varying pass-through rates and different short-term interest rates.
A $171 million increase in net float loss to $292 million in 1993, from a net float loss of $121 million in 1992.
Net float income (float investment income less commission expense) was $26.
Net float income (float investment income less commission expense and net investment gains and losses) was $24.
4% NM = not meaningful VIAD CORP AND SUBSIDIARIES TABLE THREE -- NET FLOAT INCOME AND MARGIN (UNAUDITED) Analysis of Average Balances, Float and Average Yields and Interest Rates: Quarter Ended September 30, 2003 (000 omitted) Average Income/ Yield/ Balance Expense Rate Investments available or restricted for payment service obligations $7,390,634 $ 76,783 4.
Net float income (float investment income less commission expenses and excluding gains and losses) was $21.
6% NM = not meaningful VIAD CORP AND SUBSIDIARIES TABLE THREE - NET FLOAT INCOME AND MARGIN (UNAUDITED) Analysis of Average Balances, Float and Average Yields and Interest Rates: Quarter Ended March 31, 2003 (000 omitted) Average Income/ Yield/ Balance Expense Rate Investments available or restricted for payment service obligations $6,779,048 $90,916 5.
Such significant supplemental information includes taxable equivalent information, EBITDA, net float income and net float margin.
While WCC achieved operating profitability, further growth in net operating margins was hindered by the rapid decline in interest rates and associated increase in loan prepayments in 2001, which reduced net float income on escrow balances and resulted in increased charges for amortization of mortgage servicing rights.
Mason's grandfather found the glass net floats up the coast near Fort Bragg in the 1940s.