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Commercial Banking - What Banks Do - The Banking System

Act as Payment Agents Banks also serve often under-appreciated roles as payment agents within a country and between nations. Not only do banks issue debit cards that allow account holders to pay for goods with the swipe of a card, they can also arrange  wire transfers  with other institutions. Banks essentially underwrite financial transactions by lending their reputation and credibility to the transaction; a check is basically just a promissory note between two people, but without a bank's name and information on that note, no merchant would accept it. As payment agents, banks make commercial transactions much more convenient; it is not necessary to carry around large amounts of physical currency when merchants will accept the checks, debit cards or credit cards that banks provide.  Provide Safety Banks also provide security and convenience to their customers. Part of the original purpose of banks, and the goldsmiths that predated them, was to offer customers safe keepin...

Federal Deposit Insurance Corporation AMERICAN BANK SYSTEM

The Federal Deposit Insurance Corporation (FDIC)in the United States (US), the federal government is running under an independent state institution. In the years of the great Depression, many of the bank's result of the sinking of the 1933 Glass-Steagall Act was established. The basic purpose of the American financial system is to achieve and maintain public confidence. A member of the FDIC for banks and savings institutions, demand and savings accounts deposited by the depositor per 100,000 American Dollars and deposits under the guarantees. FDIC, the banking system, which constitutes more than a half 5,250 bank and examines the side, watching. Banks, state or federal government to permit may be issued to the organization. By the provinces imtiyazlanan banks of the Federal Reserve System member is also entitled to have. FDIC concession by the province to take the Federal Reserve System and the non-member banks of the primary federal regulator. In addition, the FDIC, the rest of th...

Penny Stock egghead's 8-step program, look to win

Sometimes a company's numbers almost grab me by the shirt collar and demand I delve deeper. That was the case with AXTG… A spitfire of a lighting technology company that was overdue a breakout from 75 cents. Just two weeks after I alerted my subscribers… that breakout arrived! A 362.67% return later and the stock had risen to $3.47 cents… Turning your starting stake of $1,000 into $4,625. With this new money in the bank you can pay off a credit card, or take that trip to Europe you’ve put off for decades. You’ve just felt the rush of a winner. But it pays to play it safe. The smart penny stock investor that you’re about to become will pull their initial investment out of harms way. PLUS… if you’re really smart, you ring the register and take profit. So you don’t just pull out your initial $1,000… you also remove $1000 of pure profit… for a 100% return! This savvy investing safe-guard means you get to relax and enjoy the ride. After all… Your initial st...