Banks are rated according to their credit worthiness by IBCA, Moodys investor service and Standard & Poors. The only AAA bank in the US is JP Morgan.
Agency bank A form of organization commonly used by foreign banks to enter the US market.
An agency bank cannot accept deposits or extend loans
in its own name; it acts as agent for the parent bank. It is also the financial
institution that issues ADRs
to the general market.
Bank anticipation notes (BAN)
Bank anticipation notes (BAN) Notes issued by states and issued to obtain interim financing for projects that will eventually be funded issued
term through the sale of a issued issue.