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State Bank
In Australia and the United States, a state bank in a federated state is usually a financial institution that is chartered by the government of that state, as opposed to one regulated at the federal or national level. In British English, the term is more or less synonymous with the term "Central bank, national bank", which refers to any bank owned and operated by a State (polity), government or state. Australia Each States and territories of Australia, Australian state formerly had a state bank, but all have since been privatised. *New South Wales ** Government Savings Bank of New South Wales: established 1871, collapsed 1931 and taken over by Commonwealth Bank ** State Bank of New South Wales: established 1933, privatised and sold to Colonial First State, Colonial Mutual in 1994 *Queensland ** Queensland Government Savings Bank: established 1865, taken over by Commonwealth Bank of Australia in 1920 *South Australia ** Savings Bank of South Australia: established 1848 as a priva ...
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SBI Mumbai LHO
SBI may refer to: * Sambailo Airport, Guinea (by IATA code) * SBI Group, a financial services company of Japan * School of Business Informatics of the Virtual Global University * Secure Border Initiative, a program in the United States * Site of Biological Importance, a designation used locally in England for valued sites of biological diversity * Soldier Boy, Soldier Boy I, a fictional superhero in ''The Boys'' franchise * Somaliland Beverage Industries, a group of companies in Somaliland * South Bend International Airport, an airport serving South Bend, Indiana, US * Space-Based Interceptor, a project of the Strategic Defense Initiative * State Bank of India, largest bank of India with a multinational presence * State bureau of investigation, a state-level detective agency in the United States * Surabaya Pasar Turi railway station, Surabaya, East Java, Indonesia (station code: SBI) * Sweet Baby Inc., a Canadian narrative development and consultation studio * Synchronous Backplane I ...
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BankSA
BankSA, formerly known as the Bank of South Australia, the State Bank of South Australia and the Savings Bank of South Australia is the largest bank in South Australia. It is a subsidiary of Westpac. History The Savings Bank of South Australia was established in the colony of South Australia on 11 March 1848 by sole employee John Hector.The first deposit comprised the life savings of an Afghan cameleers in Australia, Afghan shepherd. The first premier of the colony, B. T. Finniss, was a trustee of the bank's inaugural board, and F. H. Robe, Lieutenant governor, Lieutenant Governor of the colony, was president of the bank. The Savings Bank of South Australia later merged with the former State Bank of South Australia (established 1896), becoming the new State Bank, owned by the Government of South Australia, in 1984. The State Bank of South Australia was compartmentalised and bought by The Advance Bank due to deteriorating loan book and financial management. Prior to a bail ...
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State Bank Of India
State Bank of India (SBI) is an Indian Multinational corporation, multinational Public sector undertakings in India, public sector bank and financial service body headquartered in Mumbai. It is the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the List of largest employers in India, tenth largest employer in India with nearly 250,000 employees. As of 2024, SBI has 50 crore customers. The Reserve Bank of India (RBI) has identified SBI, HDFC Bank, and ICICI Bank as Systemically important financial institution, Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are "too big to fail". SBI is the List of largest banks, 47th largest bank in the world by total assets and ranked 178th in the Fortune Global 500, ''Fortune'' Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. In 2024, SBI was ranked 55th in Forbes Global 2000 ...
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Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this has been increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the government of the United States, and according to the FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds". Deposits placed wit ...
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Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Although an instrument of the U.S. government, the Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the president or by anyone else in the executive or legislative branches of government, it does not receive funding appropriated by Congress, and the terms of the members of the board of governors span multiple presidential and congressional terms." Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibi ...
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Office Of The Comptroller Of The Currency
The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to corporate charter, charter, bank regulation in the United States, regulate, and supervise all National bank (United States), national banks and Federal savings association, federal thrift institutions and the federally licensed branches and agencies of foreign banks in the United States. The acting comptroller of the currency is Rodney E. Hood, who took office on February 10, 2025. Duties and functions Headquartered in Washington, D.C., it has four district offices located in New York City, Chicago, Dallas and Denver. It has an additional 92 operating locations throughout the United States. It is an independent Government agency, bureau of the United States Department of the Treasury and is headed by the comptroller of the currency, appointed to a five-year term by the president w ...
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Federal Savings Bank
Federal savings associations (also called "federal thrifts" or "federal Savings Banks"), in the United States, are institutions chartered by the Office of Thrift Supervision which is now administered by Office of the Comptroller of the Currency after the agencies merged. Institutions chartered by the OTS are still regulated according to the rules and regulations of Federal Savings Banks. Mortgages issued by Federal Savings Banks are pursuant to the provisions of the Home Owners' Loan Act, a U.S. federal statute. Although the activities of federal thrifts were once confined primarily to taking deposits from consumers and making residential mortgage loans, federal thrifts are now authorized to offer a wide range of financial products and services. Federal thrifts should not be confused with national banks which are banks chartered under federal law by the Office of the Comptroller of the Currency. Although the differences between federal thrifts and national banks have diminishe ...
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State Savings Bank Of Western Australia
State most commonly refers to: * State (polity), a centralized political organization that regulates law and society within a territory **Sovereign state, a sovereign polity in international law, commonly referred to as a country **Nation state, a state where the majority identify with a single nation (with shared culture or ethnic group) ** Constituent state, a political subdivision of a state ** Federated state, constituent states part of a federation *** U.S. state * State of nature, a concept within philosophy that describes the way humans acted before forming societies or civilizations State may also refer to: Arts, entertainment, and media Literature * ''State Magazine'', a monthly magazine published by the U.S. Department of State * ''The State'' (newspaper), a daily newspaper in Columbia, South Carolina, United States * '' Our State'', a monthly magazine published in North Carolina and formerly called ''The State'' * The State (Larry Niven), a fictional future governmen ...
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Bankwest
Bankwest is an Australian bank based in Perth, Western Australia. It was founded as the Agricultural Bank of Western Australia in 1895 by the Government of Western Australia being renamed the Rural and Industries Bank in 1944, and Bankwest in 1994 before being privatised. After a period of being a listed company on the Australian Securities Exchange, it was taken over by the Bank of Scotland, and since 2008 has been a subsidiary of the Commonwealth Bank. Having expanded into the Eastern states in the 1980s, it closed the last of these branches in October 2022. The remaining 60 branches in Western Australia will be closed by the end of 2024 with 15 being converted to Commonwealth Bank branches. Bankwest will then become an online bank only. History Agricultural Bank era In 1895, the Government of Western Australia established the Agricultural Bank of Western Australia as a rural lender to support the state's farming industries. Despite its name, it was not a bank, as i ...
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Bank Of Scotland
The Bank of Scotland plc (Scottish Gaelic: ''Banca na h-Alba'') is a commercial bank, commercial and clearing (finance), clearing bank based in Edinburgh, Scotland, and is part of the Lloyds Banking Group. The bank was established by the Parliament of Scotland in 1695 to develop Scotland's trade with other countries, and aimed to create a stable banking system in the country. It was the first bank to be established in Scotland, and is the List of banks in Scotland, oldest operational bank in the country, the List of oldest banks in continuous operation, ninth oldest bank in continuous operation globally, as well as the longest continuous issuer of banknotes in the world. With a history dating to the end of the 17th century, the Bank of Scotland was the first bank to have been established in Scotland, and, it is the List of oldest banks in continuous operation, fifth-oldest extant bank in the United Kingdom (the Bank of England having been established one year earlier). It is ...
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Western Australia
Western Australia (WA) is the westernmost state of Australia. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to the south, the Northern Territory to the north-east, and South Australia to the south-east. Western Australia is Australia's largest state, with a land area of , and is also the List of country subdivisions by area, second-largest subdivision of any country on Earth. Western Australia has a diverse range of climates, including tropical conditions in the Kimberley (Western Australia), Kimberley, deserts in the interior (including the Great Sandy Desert, Little Sandy Desert, Gibson Desert, and Great Victoria Desert) and a Mediterranean climate on the south-west and southern coastal areas. the state has 2.965 million inhabitants—10.9 percent of the national total. Over 90 percent of the state's population live in the South-West Land Division, south-west corner and around 80 percent live in the state capital Perth, leaving the remainder ...
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State Bank Of Victoria
The State Bank of Victoria was an Australian bank that existed from 1842 until 1990 when it was taken over by the Commonwealth Bank. It was owned by the Government of Victoria, State of Victoria. History A government-controlled savings bank had been founded on 1 January 1842 as the Savings Bank of Port Philip. Other independent savings banks merged over time and this development was recognised by legislation in 1912, which reconstituted the bank as the State Savings Bank of Victoria. In 1980 its name was changed to the State Bank of Victoria, the name it had until its sale to the Commonwealth Bank in 1990 and subsequent dissolution. The State Bank collapsed due to the weight of the grossly irresponsible lending made in the 1980s, in particular by its merchant bank subsidiary Tricontinental (merchant bank), Tricontinental, after the Reserve Bank of Australia decision to increase interest rates in 1989 brought about the deep recession that put pressure on those financial instituti ...
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