The Central Bank of the United States. The Fed, as it is commonly known, regulates the U.S. monetary and financial system. The Federal Reserve System consists of a central government agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve banks in major cities across the United States. A court process by which the affairs of an insolvent person are assigned to an insolvency trustee or administrator for administration under bankruptcy laws. There are two types of insolvencies: the procedure necessary to correct errors in electronic transfers to and from current accounts. See related questions about banking errors and credit card disputes and litigation. A bank subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is an office of the United States Department of the Treasury. A negotiable instrument – mainly a cheque – sent to a bank for receipt and payment and returned unpaid by the issuing bank.
The organization in each state that oversees the operations and affairs of state-owned banks. Debt securities appear as liabilities on a balance sheetBalanceThe balance sheet is one of three basic financial statements. These statements are essential for both financial modeling and accounting. In addition, they are classified as current liabilitiesDurable liabilitiesCurrent liabilities are financial obligations of a commercial enterprise that are due and payable within one year. A company displays them if the amounts are due within one year. If the duration of a bond is longer than one year, it is classified as a long-term liability. .