Bank float refers to the time interval between when a check is written and when it's actually cleared in the payer's bank, during which the funds are not available to either the payer or the payee.
The clearing cycle is the process by which a payment made by cheque or other methods through the banking system is transferred from the payer's to the payee's account. Different stages of clearance determine when the funds are available for use.
The U.S. system whereby banks are chartered by either the state in which they operate or by the federal government. This leads to differences in banking regulations, lending limits, and services available to customers.
Easy money refers to a state of the national money supply when the Federal Reserve System allows ample funds to build in the banking system, resulting in lowered interest rates and increased loan accessibility, which encourages economic growth and can potentially lead to inflation.
The Federal Open Market Committee (FOMC) is a key committee within the Federal Reserve System responsible for setting short-term monetary policy in the United States. The FOMC is instrumental in regulating the money supply and influencing economic conditions to achieve sustainable economic growth.
The Gilt Repo Market is a platform for the sale and repurchase of gilt-edged securities, established by the Bank of England in 1996. This market plays a crucial role in the implementation of monetary policy by influencing the liquidity within the banking system.
