Federal Supervision of Bank Advertising and Promotion Practices: Hearings Before a Subcommittee of the Committee on Government Operations, House of Representatives, Ninety-sixth Congress, First Session, September 11 and 12, 1979U.S. Government Printing Office, 1980 - 1092 páginas |
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Página 16
... compounding , they then allow banks to figure compounding at the end of 6 months to come up with the annualized rate and assume the continuation of the same rate as existed during the first 6 months , which never happens , and so come ...
... compounding , they then allow banks to figure compounding at the end of 6 months to come up with the annualized rate and assume the continuation of the same rate as existed during the first 6 months , which never happens , and so come ...
Página 33
... compounding , they encourage the bank to give a false impression of the amount of interest that depositors will receive and that impression derives from the use of compounding . These certi- ficates provide that a depositor will leave ...
... compounding , they encourage the bank to give a false impression of the amount of interest that depositors will receive and that impression derives from the use of compounding . These certi- ficates provide that a depositor will leave ...
Página 81
... compounding of interest on these accounts . " Yet , as my arithmetic will show at the bottom of the page on which this ad is exhibited , if you take the first 182 days earning of $ 480.48 and add it to the $ 10,000 and then assume the ...
... compounding of interest on these accounts . " Yet , as my arithmetic will show at the bottom of the page on which this ad is exhibited , if you take the first 182 days earning of $ 480.48 and add it to the $ 10,000 and then assume the ...
Página 90
... compounded daily , on daily balances would , for example , be : 54 % APR Savings institutions which deviate from the simple form would be ... compounding periods in a 365 day year : 1 Exhibit 3 ( h ) The term annual percentage rate 90.
... compounded daily , on daily balances would , for example , be : 54 % APR Savings institutions which deviate from the simple form would be ... compounding periods in a 365 day year : 1 Exhibit 3 ( h ) The term annual percentage rate 90.
Página 92
... compounding is A = PERT where A is the final amount , P is the amount on which interest is compounded , e is the ... compounding is A P ( 1 + R / M ) * where A is the final amount . P is the amount on which interest is com- pounded . R ...
... compounding is A = PERT where A is the final amount , P is the amount on which interest is compounded , e is the ... compounding is A P ( 1 + R / M ) * where A is the final amount . P is the amount on which interest is com- pounded . R ...
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Términos y frases comunes
advertising and promotion amount annual percentage rate annual percentage yield applicable Attachment bank advertising Bank Board bank practices bank's bankers certificates of deposit checking accounts Citibank compliance compounding Comptroller computed Consumer Affairs consumer complaints copy cost customers Deposit Insurance Corporation depositors determine disclose disclosure earnings enforcement examination FDIC Federal Deposit Insurance Federal Reserve Board Federal Reserve System Federal Trade Commission financial institutions funds giveaways guidelines interest on deposits interest rate Kansas State University maturity member banks ment merchandise minimum balance misleading money market certificates Morse National Bank nonmember banks Number Percent Number offered Office paid passbook penalty Percent Number Percent period premium procedures Regional Regulation Q requirements response ROSENTHAL savings accounts savings and loan savings deposits savings institutions Section service charges specific staff statement subcommittee sumer tion Treasury bills trust Truth in Savings unfair or deceptive violation
Pasajes populares
Página 237 - The number, amount, and due dates or period of payments scheduled to repay the indebtedness if the credit is extended. (4) The rate of the finance charge expressed as an annual percentage rate.
Página 225 - ... order issued upon consent, which shall become effective at the time specified therein), and shall remain effective and enforceable as provided therein, except to such extent as it is stayed, modified, terminated, or set aside by action of the Board or a reviewing court.
Página 326 - Chairman Subcommittee on Commerce, Consumer, and Monetary Affairs Committee on Government Operations House of Representatives Washington, DC 20515 Dear Mr.
Página 236 - The method of determining the balance upon which a finance charge will be imposed. (3) The method of determining the amount of the finance charge, including any minimum or fixed amount imposed as a finance charge.
Página 229 - Where a percentage yield achieved by compounding interest during 1 year is advertised, the annual rate of simple interest shall be stated with equal prominence, together with a reference to the basis of compounding.
Página 570 - ... of each payment, the due date of the first payment, the due dates of subsequent payments or interval between payments, and the total amount payable by the lessee; (7) statement of the conditions under which the lessee may terminate the lease prior to the end of the term; and (8) statement of the liabilities the lease imposes upon the lessee at the end of the term.
Página 216 - ... the premium is given to a depositor only at the time of the opening of a new account or an addition to an existing account; (b...
Página 235 - ... terms, such catalog or multiple-page advertisement shall be considered a single advertisement provided: (1) The table or schedule and the disclosures made therein are set forth clearly and conspicuously; and (2) Any statement of credit...
Página 229 - Percentage yields based on periods in excess of one year. No advertisement shall include any indication of a total percentage yield, compounded or simple, based on a period in excess of a year, or an average annual percentage yield achieved by compounding during a period in excess of a year. (d) Time or amount requirements.
Página 532 - Insured nonmember mutual savings banks) shall be governed by the following rules: (a) Annual rate of simple interest. Interest or dividend rates shall be stated in terms of annual rates of simple interest or dividends. In no case shall a rate be advertised which is in excess of the applicable maximum rate for the particular deposit.