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banking

(Encyclopedia)banking, primarily the business of dealing in money and instruments of credit. Banks were traditionally differentiated from other financial institutions by their principal functions of accepting depos...

clearing

(Encyclopedia)clearing, in banking, the periodic settling of bankers' claims against each other, for which local banks establish clearinghouse associations. Clearinghouses are said to have existed in Florence by a....

Pawtucket

(Encyclopedia)Pawtucket pətəkˈət [key], city (1990 pop. 72,644), Providence co., NE R.I., on the Blackstone River at Pawtucket Falls; settled 1671, inc. 1885 after the eastern section (which was part of Massach...

Wall Street

(Encyclopedia)Wall Street, narrow street in the lower part of Manhattan island, New York City, extending E from Broadway to the East River. It is the center of one of the greatest financial districts in the world, ...

Antigua and Barbuda

(Encyclopedia)CE5 Antigua and Barbuda ăntēˈgə, –gwə, bärbo͞oˈdə, –byo͞oˈ– [key], independent Commonwealth nation (2020 est. pop. 97,928), 171 sq mi (442 sq km), We...

Independent Treasury System

(Encyclopedia)Independent Treasury System, in U.S. history, system for the retaining of government funds in the Treasury and its subtreasuries independently of the national banking and financial systems. In one for...

savings bank

(Encyclopedia)savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its deposi...

galley

(Encyclopedia)galley, long, narrow vessel widely used in ancient and medieval times, propelled principally by oars but also fitted with sails. The earliest type was sometimes 150 ft (46 m) long with 50 oars. Rowers...

bank holidays

(Encyclopedia)bank holidays, days when the law requires that banks be closed. In the United States the list varies from state to state but generally includes, besides the major holidays, many days that are observed...

Sabine Crossroads

(Encyclopedia)Sabine Crossroads săbˌēnˈ [key], locality, De Soto parish, NW La., near Mansfield. There in the Civil War, Union forces under Nathaniel P. Banks, advancing on Shreveport, were defeated and driven ...