Chapter 10(5) Managing and Prici

2018-11-25 本文已影响0人旋律sama

Transaction (Payment or Demand) Deposits

An account used primarily to make payments for purchases
of goods and services

Making payment on behalf of customers
One of the oldest services
Provider is required to honor any withdrawals immediately
Hottest item in the transaction deposit field today appears to be the mobile check deposit
- Designed principally for customers on the move, carrying camera-equipped smart phones

Noninterest-Bearing Demand Deposits
- Interest was prohibited by Glass-Steagall Act
- One of the most volatile and unpredictable sources of funds
- Most deposits are held by business firms
Interest-Bearing Demand Deposits
- Negotiable Orders of Withdrawal (NOW) 可转让支付命令账户
- Money Market Deposit Account (MMDA) 货币市场存款账户
- SuperNOW超级可转让支付命令账户
Mobile Apps: the hottest item in payment
- PayPal, Alipay, WeChat Pay

An account whose primary purpose is to encourage the bank customer to save rather than make payments

Bankers would generally prefer a high proportion of transaction deposits (including regular checking or demand accounts) and low-yielding time and savings deposits
These accounts are among the least expensive of all sources of funds and often include a substantial percentage of core deposits

the private sector: individuals, partnerships, corporations
State and local governments
Central government
Foreign governments, businesses and individuals
Other banks
- deposits due to banks and other depository institutions 同业存款
- deposits due from banks and other depository institutions 存放同业

P299 note

Explicit interest rate
Implicit interest rate: true cost of supplying fund-raising services-the service fees charged

Individual depository institution has little control over its prices in a financial marketplace that approaches perfect competition