| A | B |
|---|
| mutual savings bank | A bank owned by depositors that mainly handles savings accounts and makes loans to home buyers. |
| commercial bank | A bank that offers a full range of financial services. |
| Federal Reserve System (Fed) | A nationwide banking plan set up by our federal government to supervise and regulate member banks. |
| interest | An amount paid for the use of money. |
| trust companies | Financial institutions that specialize in managing the money and property of others. |
| savings and loan association (S&L) | A financial institution that specializes in savings accounts and loans for mortgages. |
| credit union | A not-for-financial institution formed by people who have like occupations or live in the same community. |
| consumer finance company | A financial institution that specializes in making loans for long-lasting or durable goods and financial emergencies. |
| Federal Deposit Insurance Corporation (FDIC) | A federal agency that protects depositors' money in case of the failure of a bank or financial institution that it regulates. |
| safe-deposit boxes | A secured area in a bank vault for storing valuables. |
| electronic funds transfer | A 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. |
