types:
giro
a British financial system in which a bank or a post office transfers money from one account to another when they receive authorization to do so
clearing house
a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted
central bank
a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government
foundation
an institution supported by an endowment
acquirer
the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card
trust company,
trust corporation
an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services
pension fund
a financial institution that collects regular contributions from employers to provide retirement income for employees
credit union
a cooperative depository financial institution whose members can obtain loans from their combined savings
European Central Bank
the central bank of those members of the European Union who share a common currency
FRS,
Fed,
Federal Reserve,
Federal Reserve System
the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies
charity
a foundation created to promote the public good (not for assistance to any particular individuals)
agent bank
a bank that acts as an agent for a foreign bank
state bank
a bank chartered by a state rather than by the federal government
agent bank,
lead bank
a bank named by a lending syndicate of several banks to protect their interests
member bank
a bank that is a member of the Federal Reserve System
acquirer,
merchant bank
a credit card processing bank; merchants receive credit for credit card receipts less a processing fee
acquirer
a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock
finance company
a financial institution (often affiliated with a holding company or manufacturer) that makes loans to individuals or businesses
thrift institution
a depository financial institution intended to encourage personal savings and home buying
Home Loan Bank
one of 11 regional banks that monitor and make short-term credit advances to thrift institutions in their region