permissible nonbank activities

Definition

Non-retail bank activities in which banks are allowed to participate because the Federal Reserve has determined that these activities are closely related to standard bank functions. Retail bank activity is restricted to lending money and operating deposit accounts for saving and checking purposes. Investment banking, financial services, insurance and participation in the secondary mortgage market are examples of permissible nonbank activities.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
permanent portfolio permission marketing