| A | B |
|---|
| savings and loans | specializes in savings accounts and making loans for mortgages |
| mutual savings bank | owned by the depositors to whom the profits |
| electronic funds transfer | system through which funds are moved electronically from one account to another and from one bank to another |
| investments | savings that are put to work to earn more money |
| Federal Reserve System | created by the federal government to supervise and regulate member banks |
| consumer finance company | makes loans for durable goods |
| credit union | not-for-profit, owned by members |
| commercial bank | offers a wide range of financial services |
| investments | money put to work to earn more money |
| life insurance company | a non-deposit type financial institution |
| charter | required to start a bank |
| FDIC | a federal agency that protects depositor's money in case a bank fails - insures the money up to $100,000 |
| NCUA | insures depositor's money in credit unions |
| interest | the amount paid for the use of money |
| trust company | manages money and property for people |
| national bank | when a gank is granted a charter by the federal government |
| safe-deposit box | a good place to keep a list of insurance policies, wills, savings bonds |
