Money Center Banks

AAA

DEFINITION of 'Money Center Banks'

A money center bank is similar in structure to a common bank, but its borrowing and lending activities are with govenments, large corporations and regular banks. These types of financial institutions do not borrow from or lend to consumers.

INVESTOPEDIA EXPLAINS 'Money Center Banks'

Money center banks are usually located in major economic centers such as London, Hong Kong, Tokyo and New York. With their large balance sheets, these banks are involved in national and international financial systems.

RELATED TERMS
  1. Regional Check Processing Center ...

    A local Federal Reserve facility where checks that are drawn ...
  2. Mutual Savings Bank - MSB

    A type of thrift institution, originally designed to serve low-income ...
  3. Banks For Cooperatives

    Established by the Farm Credit Act of 1933, these regional, privately-owned ...
  4. Instructing Bank

    One of the banks that plays a role in a transfer of funds between ...
  5. Bank

    A financial institution licensed as a receiver of deposits. There ...
  6. Thrift Bank

    A financial institution focusing on taking deposits and originating ...
Related Articles
  1. Tired Of Banks? Try A Credit Union
    Retirement

    Tired Of Banks? Try A Credit Union

  2. Quants: The Rocket Scientists Of Wall ...
    Professionals

    Quants: The Rocket Scientists Of Wall ...

  3. Currency Exchange: Floating Rate Vs. ...
    Forex Education

    Currency Exchange: Floating Rate Vs. ...

  4. The Currency Board: Understanding The ...
    Personal Finance

    The Currency Board: Understanding The ...

comments powered by Disqus
Hot Definitions
  1. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  2. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  3. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  4. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  5. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  6. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
Trading Center