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central bank
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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central bank A bank that provides financial and banking services for the government of a country and its commercial banking system as well as implementing the government's monetary policy. The main functions of a central bank are: to manage the government's accounts; to accept deposits and grant loans to the commercial banks; to control the issue of banknotes; to manage the public debt; to help manage the exchange rate when necessary; to influence the interest rate structure and control the money supply; to hold the country's reserves of gold and foreign currency; to manage dealings with other central banks; and to act as lender of last resort to the banking system. Examples of major central banks include the
Bank of England in the UK, the
Federal Reserve Bank of the USA, and the
European Central Bank established in 1998.
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A Poverty of Thought
Newspaper article from: The Washington Post; 9/13/2005; ; 700+ words
; ...fast-flowing river of race-obsessing has overflowed its banks, and last Sunday on ABC's "This Week," Sen. Barack Obama...African Americans are middle class and almost half live outside central cities, and that 76 percent of all births to Louisiana African...
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Bonds Treasury yields jumped ...
Newspaper article from: The Washington Post; 1/14/2007; 343 words
; ...analysts said. Citing brisk global economic growth, the Bank of England raised its benchmark short term interest rate last week, while the European Central Bank signaled it may raise its rate in March. If U.S. economic...
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 "Deseret News (Salt Lake City)")
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Wall Street awaits earnings from Intel, Citigroup
Newspaper article from: Deseret News (Salt Lake City); 1/15/2007; ; 700+ words
; ...across the country. Release of the report precedes the central bank's first meeting of the year at the end of the month...88 per share when it reports Thursday. The investment bank reached a fresh 52-week high of $97.22 Friday, surpassing...
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Uniform Commercial Code being revised
Newspaper article from: THE JOURNAL RECORD; 6/8/2001; ; 700+ words
; ...in the development of the Oklahoma UCC Central Filing System. Their courtesy and professionalism...submitting UCC financing statements to the UCC Central Filing Office. In addition to participating...as presenters and lecturers for several banks' training sessions, at continuing legal...
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[ Mortgages ]
Newspaper article from: The Journal Record; 5/9/2001; 700+ words
; ...Elizabeth Moore to Southwestern Bank, $102,600, pt SW4 Sec 29...Probodh Kakkad & Heena Kakkad to Bank One, $93,202, L13 B9 Faircloud...Inc, $84,371, L17 & 18 B5 Central Park Addn, OKC; 532 NW 35th...Howe to Stillwater National Bank & Trust Co, $75,000, L1...
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Nasdaq continues to fall
Newspaper article from: The Journal Record; 5/15/2001; 700+ words
; ...reduction will be as big as expected. The central bank has been lowering rates to stimulate the...at $47.64. Also Monday, SunTrust Banks fell $4.81 to $60 on news it made...billion purchase of the North Carolina bank. Wachovia rose $3.85 to $64.75...
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Claims Mark Recovery's Beginning; But Deciding How Much Damage Is Attributable to Floods May Get Tricky
Newspaper article from: The Washington Post; 9/12/2005; ; 700+ words
; ...vast conflict involving angry consumers, insurance companies, banks that write mortgages, state regulators and lawmakers in Washington...into insignificance. Katrina cut a devastating path deep into central Mississippi, paralyzing the state government in Jackson for...
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WORLD IN BRIEF
Newspaper article from: The Washington Post; 2/3/1999; 700+ words
; ...was blinded in one eye when a time bomb exploded in China's central Henan province, police said. In a separate incident, in southeastern...arrested for allegedly detonating a remote control bomb outside a bank in an attempted robbery, the Guangzhou Daily said. Two people...
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Fed pondering quarter- or half-point rate reduction
Newspaper article from: The Journal Record; 6/27/2001; 700+ words
; ...widely expected to be that the central bank is cutting interest rates...released Tuesday as the central bank began its deliberations all...reports would convince the central bank that only a quarter-point...moves that marked the central bank's most aggressive credit ...
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Central Bank Chief Replaced in Brazil; Soros Fund Manager Will Take Helm
Newspaper article from: The Washington Post; 2/3/1999; ; 700+ words
; ...Brazilian government fired its Central Bank president today and replaced...director of the Brazilian Central Bank's external affairs division...and that's what the Central Bank needs right now." President...last Friday, when rumors that bank deposits would be frozen...new ...
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Yukon
Book article from: The Columbia Encyclopedia, Sixth Edition
...border, to Fort Yukon, thence generally southwest through central Alaska until, in a wide swing north, it enters Norton Sound...hydroelectric resources in North America. On the river's banks are fur-trading posts, missions, native villages, and towns...
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Volga
Book article from: The Columbia Encyclopedia, Sixth Edition
...c.2,300 mi (3,700 km) long, central and E European Russia. It is the longest...considerably and is lined on its right (western) bank by the bluffs of the Volga Hills, which...with the steppe that extends from the left bank. The Zhiguli Mts. cause the river to...
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Troy
Book article from: The Columbia Encyclopedia, Sixth Edition
...269), seat of Rensselaer co., E N.Y., on the east bank of the Hudson River; inc. 1816. Once known especially for...preserved. 4 City (1990 pop. 19,478), seat of Miami co., W central Ohio, on the Great Miami River, in a farm area; inc. 1814...
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Uman
Book article from: The Columbia Encyclopedia, Sixth Edition
Uman , city (1989 pop. 91,000), central Ukraine, at the confluence of the Kamenka and Umanka rivers...fortress for protection against Crimean Tatar attacks on right-bank Ukraine. In 1768 the city was the scene of a Ukrainian peasant...
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Tower of London
Book article from: The Columbia Encyclopedia, Sixth Edition
...in London, England, just east of the City and on the north bank of the Thames, covering about 13 acres (5.3 hectares...within which are double castellated walls surrounding the central White Tower. Although Roman foundations have been discovered...
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