FBABFamily Business Advisory Board
References in periodicals archive ?
The capital of the Federal Reserve System subscribed by member banks shall be transferred to the new FBAB under the same conditions of a fixed dividend and the free services of the Clearinghouse.
Under its new reorganized form of FBAB, the FDIC shall relinquish all its present services and prerogatives of banking controls to the Comptroller of National Banking.
In addition to ensuring savings and deposits of the public up to a certain amount, as of now $100,000, the FBAB shall also grant short-term loans to banks and other affiliated financial institutions since in the new system the Fed can no longer extend such loans.