Regulation Z. A Federal Reserve Board regulation that implements the provisions of the federal Consumer Credit Protection Act for member banks. See CONSUMER CREDIT PROTECTION ACT . [Cases: Consumer Credit 32. C.J.S. Interest and Usury; Consumer Credit § 318.]
Regulation J. A Federal Reserve Board regulation that governs the collection of checks by and the transfer of funds through member banks. [Cases: Banks and Banking 188.5, 356. C.J.S. Banks and Banking §§ 445–451, 656–659.]
reserve ratio. The Federal Reserve Board’s measurement of a member bank’s required reserves. See required reserve under RESERVE. primary reserve ratio. The ratio between a bank’s required reserves (cash in vault plus deposits with Federal Reserve Banks) and its demand and time deposits. secondary reserve ratio. The ratio between a bank’s government securities and its
The interest rate at which a member bank may borrow from the Federal Reserve on a loan secured by commercial paper that has already been resold by the bank.
An account that a member maintains at a credit union and that can be drawn on through the use of share drafts payable to third parties. • A share-draft account operates much like a checking account operates at a bank. — Also termed share account. [Cases: Building and Loan Associations 40. C.J.S. Building and Loan
share draft account Read More »
creditors’ committee. Bankruptcy. A committee comprising representatives of the creditors in a Chapter 11 proceeding, formed to negotiate the debtor’s plan of reorganization. • Generally, a committee has no fewer than 3 and no more than 11 members and serves as an advisory body. 11 USCA § 1102. [Cases: Bankruptcy 3024. C.J.S. Bankruptcy §§ 193,
creditors’ committee Read More »
Federal Home Loan Mortgage Corporation. A corporation that purchases both conventional and federally insured first mortgages from members of the Federal Reserve System and other approved banks. — Abbr. FHLMC. — Also termed Freddie Mac.
federal home loan mortgage corporation Read More »
federal farm credit system. The national cooperative system of banks and associations providing credit to farmers, agricultural concerns, and related businesses. • The system consists of the banks for cooperatives, the farm credit banks, and the Federal Farm Credit Banks Funding Corporation. It is supervised by the Farm Credit Administration and was originally capitalized by
federal farm credit system Read More »
The central bank that sets credit and monetary policy by fixing the reserves to be maintained by depository institutions, determining the discount rate charged by Federal Reserve Banks, and regulating the amount of credit that may be extended on any security. • The Federal Reserve System was established by the Federal Reserve Act of 1913.
Federal Reserve System Read More »
Federal Housing Finance Board. A five-member independent federal board that supervises the 12 Federal Home Loan Banks. • Formerly known as the Federal Home Loan Bank Board, it was established by the Federal Home Loan Bank Act of 1932. That Act was amended by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.12 USCA
federal housing finance board Read More »