money center bank


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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.

money center bank

References in periodicals archive ?
Having received these deposits, the money center banks then sought borrowers who could be charged enough interest to enable the banks to earn a profit.
The one exception was the New York District, where the slight recovery in profitability mainly reflected reduced provisioning against foreign loans by the money center banks.
Therefore, each regional would lose less than the money center banks if everyone was forced to write off bad loans.
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?
In the aggregate, the primary capital ratio of banks decreased, but most of the decline was at money center banks, which dipped into capital to pay dividends.
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.
A slowing in the buildup of loan loss provisions, along with improvements in interest rate margins, contributed to these gains, with the money center banks showing the sharpest turnaround.
Exposure relative to primary capital for nine money center banks has declined from 233 percent in 1982 to 106 percent at year-end 1988.