Consumers are encouraged to use our online form for complaints. If you are unsure where to send an inquiry, you may send it to Department. Banking ct. Thank you for your patience during this time.
There are three major types of depository institutions in the United States. They are commercial banks, thrifts which include savings and loan associations and savings banks and credit unions. These three types of institutions have become more like each other in recent decades, and their unique identities have become less distinct.
They still differ, however, in specialization and emphasis, and in their regulatory and supervisory structures. Commercial banks are the traditional "department stores" of the financial services world. Thrift institutions and credit unions are more like specialty shops that, over time, have expanded their lines of business to better compete for market share. Connecticut law, in fact, grants thrifts the same powers as commercial banks.
Commercial banks are generally stock corporations whose principal obligation is to make a profit for their shareholders. Basically, banks receive deposits, and hold them in a variety of different accounts; extend credit through loans and other instruments: and facilitate the movement of funds.
While commercial banks mostly specialize in short-term business credit, they also make consumer loans and mortgages, and have a broad range of financial powers. Their corporate charters and the powers granted to them under state and federal law determine the range of their activities. States and the federal government each issue bank charters. State-chartered banks operate under state supervision and, if they fail, are closed under provisions of state as well as federal law.
Banks can choose between a state or a federal charter when starting their business, and can also convert from one charter to another after having been in business. This ratio is relevant for all industries. This is a solvency ratio indicating a firm's ability to pay its long-term debts, the amount of debt outstanding in relation to the amount of capital.
The lower the ratio, the more solvent the business is. Net fixed assets represent long-term investment, so this percentage indicates relative capital investment structure. It indicates the profitability of a business, relating the total business revenue to the amount of investment committed to earning that income.
This ratio provides an indication of the economic productivity of capital. This percentage indicates the profitability of a business, relating the business income to the amount of investment committed to earning that income.
This percentage is also known as "return on investment" or "return on equity. This percentage, also known as "return on total investment," is a relative measure of profitability and represents the rate of return earned on the investment of total assets by a business. The higher the percentage, the better profitability is. This percentage represents the total of cash and other resources that are expected to be realized in cash, or sold or consumed within one year or the normal operating cycle of the business, whichever is longer.
This percentage represents all claims against debtors arising from the sale of goods and services and any other miscellaneous claims with respect to non-trade transaction. It excludes loan receivables and some receivables from related parties.
This percentage represents tangible assets held for sale in the ordinary course of business, or goods in the process of production for such sale, or materials to be consumed in the production of goods and services for sale. It excludes assets held for rental purposes. This percentage represents all current assets not accounted for in accounts receivable and closing inventory. This percentage represents tangible or intangible property held by businesses for use in the production or supply of goods and services or for rental to others in the regular operations of the business.
It excludes those assets intended for sale. Examples of such items are plant, equipment, patents, goodwill, etc. Valuation of net fixed assets is the recorded net value of accumulated depreciation, amortization and depletion. This figure represents the average value of all resources controlled by an enterprise as a result of past transactions or events from which future economic benefits may be obtained.
This percentage represents obligations that are expected to be paid within one year, or within the normal operating cycle, whichever is longer. Current liabilities are generally paid out of current assets or through creation of other current liabilities. Examples of such liabilities include accounts payable, customer advances, etc. This percentage represents all current loans and notes payable to Canadian chartered banks and foreign bank subsidiaries, with the exception of loans from a foreign bank, loans secured by real estate mortgages, bankers acceptances, bank mortgages and the current portion of long-term bank loans.
This percentage represents obligations that are not reasonably expected to be liquidated within the normal operating cycle of the business but, instead, are payable at some date beyond that time.
It includes obligations such as long-term bank loans and notes payable to Canadian chartered banks and foreign subsidiaries, with the exception of loans secured by real estate mortgages, loans from foreign banks and bank mortgages and other long-term liabilities. This percentage represents the obligations of an enterprise arising from past transactions or events, the settlements of which may result in the transfer of assets, provision of services or other yielding of economic benefits in the future.
This percentage represents the net worth of businesses and includes elements such as the value of common and preferred shares, as well as earned, contributed and other surpluses. This figure must match total assets to ensure a balance sheet is properly balanced. Whether they were mutual owned by their customers or corporate owned by shareholders , they served one main purpose in the U.
Millions of Americans in the postwar era bought homes with loans from thrifts; at one point in the postwar period, they were making the majority of mortgages in the U. That changed when the deregulation of the financial services industry, followed by a wave of failures in the s, decimated thrifts.
Savings and loan associations are moving more into commercial lending and construction, and an increasing number are converting to conventional banks. Also, many of the advantages thrifts used to get, including less stringent regulation, have been eliminated over the years, most recently by the Dodd-Frank financial reform law.
But this is a rapidly consolidating industry overall. How We Make Money. Claes Bell. Written by. Share this page. Bankrate Logo Why you can trust Bankrate. Bankrate Logo Editorial Integrity. Key Principles We value your trust. Bankrate Logo Insurance Disclosure. Related Links: Student checking accounts: How to find the best bank NCUA: How your savings at credit unions are insured by the government 3 mobile banking alerts everyone should activate Banking.
Related Articles: 2 internet-banking myths 10 things banks are losing Checking vs.
0コメント