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central bank
European Central Bank
A Dictionary of Business and Management
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2006
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© A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information)
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European Central Bank (ECB) The central bank of the
European Union, established on 1 July 1998 to direct the single monetary policy needed for European Monetary Union (
EMU; see
European Monetary System). From that date it superseded the
European Monetary Institute and the
European Monetary Cooperation Fund. The bank became fully functional on 1 January 1999 when the single European currency (see
euro) was launched. The president, vice-president, and board members are appointed by the participating governments but the bank is otherwise entirely independent. Its main objective is achieving and maintaining price stability. Based in Frankfurt-am-Main, Germany, it works closely with the governors of the central banks of the participating states.
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DERIVATIVES AND SYSTEMIC RISK:JOHNATHAN SHORT
Transcript from: Congressional Testimony; 12/2/2009; 700+ words
; ...limited purpose Federal Reserve regulated bank, ICE Trust, which servesas a clearinghouse...process taking significant risk offof bank balance sheets. Need for Regulation of...products transactedbetween large investment banks. However, the reality is more complex...orcollateralized debt obligation. ...
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Bernanke Seeks Second Term As Fed Chief
Transcript from: NPR Morning Edition; 12/3/2009; ; 700+ words
; ...about the very powers that the central bank now possesses. Congress has...times. CORNISH: The central bank is charged with managing the...Capitol Hill, where the central bank has been taking the hardest...Reserve's regulatory powers over banks and its consumer protection...
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FEDERAL RESERVE BOARD OF GOVERNORS CHAIRMAN BEN BERNANKE'S FEDERAL RESERVE BOARD OF GOVERNORS CHAIRMAN BEN BERNANKE'S TESTIMONY AS PREPARED FOR DELIVERY BEFORE THE SENATE BANKING, HOUSING
Transcript from: Washington Transcript Service; 12/3/2009; 700+ words
; ...target for the federal funds rate to nearly zero. We playeda central role in efforts to quell the financial turmoil, for example...our leadership of the comprehensive assessmentof large U.S. banks conducted this past spring, an exercise that significantlyincreased...
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For December 8, 2009, CBS
Transcript from: CBS The Early Show; 12/8/2009; ; 700+ words
; ...Dave Price is on the scene with the latest forecast.Now that banks are paying back bailout money, President Obama wants to use...Tiger Woods` house to this hospital directly behind me, Health Central Hospital. Now we want to go straight to some of the video because...
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REP. CAROLYN B. MALONEY CHAIRMAN REP. CAROLYN B. MALONEY HOLDS A HEARING REGULATING UNREGULATED FINANCIAL MARKETS
Transcript from: Washington Transcript Service; 12/2/2009; 700+ words
; ...the dual banking system, under which banks wouldhave the opportunity to choose between...requirements to drive more OTC derivatives to a central clearinghouseand eventually exchanges...institutions and WallStreet investment banks. Excessive mortgage broker fees, irresponsible...
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CARIBBEAN BASIN SECURITY INITIATIVE:JULISSA REYNOSO
Transcript from: Congressional Testimony; 12/9/2009; 700+ words
; ...Secretary for WHA in chargeof Central American, Caribbean and Cuban...with Mexico, Colombia, and Central America.Success in one area...United States now pass through Central America and Mexico, as the...According to a joint UN/World Bank Report released in 2007...
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Morningstar, Inc. to Acquire Chicago-based Logical Information Machines, Inc., Leading Provider of Data and Analytics for the Energy, Financial, and Agriculture Sectors.
Newspaper article from: Food Business Week; 12/24/2009; 700+ words
; ...financial, and agriculture sectors and provides clients with one central source for data intelligence and analysis. Clients also have...clients include some of the world's largest asset managers, banks, oil companies, power and natural gas trading firms, utilities...
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The Green Path to Economic Resurgence -- the 4th Payment China Summit will be Held in Beijing.
Newspaper article from: China Weekly News; 12/22/2009; 668 words
; ...Institute and supported by many banks including the People's Bank of China, European Central Bank, ING, BNP Paribas...Bank, CITI Bank, European Central Bank, Swift and TWIST...com/ Keywords: Asia, Central Bank, China, Economics...
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State Bank and Trust Company Acquires Assets and Deposits of the Buckhead Community Bank and First Security National Bank from FDIC.
Newspaper article from: Mergers & Acquisitions Week; 12/23/2009; 700+ words
; ...chairman and CEO of State Bank. "We are especially...so successful at Flag Bank." "We have made great...of the former Security Banks. Our strong capital...in Metro Atlanta is a central part of our strategy...the customers of these banks that their deposits are...Evans added. "State ...
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Mondial Assistance Associates Join Together in Support of Local Causes.
Newspaper article from: Pediatrics Week; 12/26/2009; 700+ words
; ...including collecting more than 600 pounds of food for Central Virginia Food Bank; assembling 80 care packages for International Hospital...mondialUSA.com. Keywords: Entertainment, Food, Food Bank, Insurance, Pediatrics, Mondial Assistance. This...
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SIC 1041 Gold Ores
Encyclopedia entry from: Encyclopedia of American Industries
...Canada, Russia, and China. Of the 120,000 tons of total mined gold, approximately 33,000 tons are held by central banks as official stocks. The remaining 87,000 are held privately as coin, bullion, and jewelry. Background and Development...
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SIC 6021 National Commercial Banks
Encyclopedia entry from: Encyclopedia of American Industries
...created in 1913, is the central bank of the United States and is...carried out by its 12 regional banks. The OCC has wide discretionary...examinations of all national banks' books to identify unsafe...most involved with national bank regulation. The OCC has the...
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SIC 6231 Securities and Commodities Exchanges
Encyclopedia entry from: Encyclopedia of American Industries
...the-counter transactions do not have a central market in which they are executed. Instead...primarily by bond houses and major commercial banks. The bond market is primarily institutional, with commercial banks as the primary investors. It is not heavily...
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SIC 7322 Adjustment and Collection Services
Encyclopedia entry from: Encyclopedia of American Industries
...engaged in providing credit card service with collection by a central agency are classified in SIC 6153: Short-term Business Credit...or businesses owing money to other businesses. Hospitals and bank cards have provided the greatest amount of overdue debt collection...
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SIC 6011 Federal Reserve Banks
Encyclopedia entry from: Encyclopedia of American Industries
SIC 6011FEDERAL RESERVE BANKS This classification includes the Federal Reserve banks and their branches, which serve...institutions for their member banks. NAICS Code(s) 521110 (Monetary Authorities-Central Banks) Industry Snapshot While...
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