_CH03 金融英语.ppt

Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * Credit unions are the smallest and the newest of the depository institutions. They can obtain either a state or federal charter. Their unique aspect is the “common bond” requirement for credit union membership. They are either cooperatives or mutually owned. There is no corporate stock ownership. The dual purpose of credit union is to serve their members’ savings and borrowing needs. Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * Classroom exercises in key terms and sentence Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * Key terms Capital adequacy standards Central Liquidity Facility Core capital Corporate credit union Demand deposit Deposit computation period Discount rate Discount window Excess reserves Federal funds market Global banking Institutional banking Interest rate risk Junk bonds Money center bank Money market mutual fund Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * Key terms Mortgage banking National Credit Union Administration Natural person credit union Regional bank Regulatory risk Required reserves Reserve ratio Risk-based capital requirements Savings and loan association Savings bank Savings deposit Secondary reserves Spread income Superregional bank Supplementary capital Time deposit Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * Commercial banks are highly leveraged institutions, i.e., equity capital constitutes a small fraction (about 8%) of the bank’s assets. The organization that plays the primary role in establishing risk and management guidelines for banks throughout the world is the Basel Committee on Banking Supervision. The capital requirements that resulted from other guidelines published by the Basel Committee are called the risk-based capital requirements. In July 1988, the Basel Committee released its first guidelines, the Capital Accord of 1988, commonly calle