Banking Power

Banking Power

The ability of a bank to conduct activities. Banking power is given by the appropriate government agency. Activities permitted under banking powers are regulated; they may include retail banking or commercial banking, as well as permissible nonbank activities such as insurance, trading on the secondary market for mortgages, or investment banking. See also: Glass-Steagall Act, Gramm-Bliley-Leach Act.
References in periodicals archive ?
In their 2012 report, thirteen Iranian banks were ranked based on their profitability, performance, size, credibility and banking power. Note that the ratings are based on the figures of the first three months of 2011.
First United is the parent of First United Bank & Trust, a Maryland trust company with commercial banking powers. The bank's wholly-owned subsidiaries are OakFirst Loan Center Inc and OakFirst Loan Center LLC, both finance companies, and First OREO Trust and FUBT OREO I LLC, both formed for the purposes of holding, servicing and disposing of the real estate that the bank acquires through foreclosure or by deed in lieu of foreclosure.
First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. ??
* Based on the Merchants National decision, banking lobbies in Delaware and Illinois have now become extremely active in attempting to change state banking powers to include the sale of insurance.
"The banking powers are more despotic than a monarch, more insolent than autocrat, more selfish than bureaucrat.
As you know, the Federal Reserve Board has long supported nationwide interstate banking, insurance sales, and full investment banking powers to provide the public the benefits of wider competition, and it supports the payment of interest on required reserves to reduce the costs imposed on banking institutions as regulated entities.
The study, released last October, highlights the problem of discrimination in lending at a time when banks are seeking interstate banking powers. Community activists, who have alleged discrimination in lending for years, are using this new data to stop banks from expanding unless they agree to greater compliance with the Community Reinvestment Act (CRA).
When two of New York's mightiest banking powers announced last week they would merge, area realtors cringed at the thought of more vacant office and retail space.
While Congress is considering expanding banking powers (in a move not unlike the one that unleashed S&Ls in the early 1980s), it should not be undermining consumer participation in banking activity.
banking regulations differ substantially from European regulations (European banks, for instance, have broad investment banking powers), U.S.
First United is the parent of First United Bank & Trust, a Maryland trust company with commercial banking powers. The bank's wholly-owned subsidiaries include OakFirst Loan Center Inc and OakFirst Loan Center LLC, both finance companies and First OREO Trust and FUBT OREO I LLC, both formed for the purposes of holding, servicing and disposing of the real estate that the bank acquires through foreclosure or by deed in lieu of foreclosure.
First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly owned subsidiaries include OakFirst Loan Center, Inc.