Sentence examples for benchmark bank from inspiring English sources

Benchmark Bank, based in Aurora, Ill., also was closed, as was Greater Atlantic Bank of Reston, Va.

The 10 members of the Fed's Open Market Committee voted unanimously to leave its benchmark bank lending rate unchanged at 1.75percentt because although "the economic recovery was clearly continuing, its rate of advance had moderated considerably," the minutes said.

PRI says it first lined up Benchmark Bank of Dallas for Paycom, then landed Amtrade International Bank of Atlanta, which was shut down last fall by the Federal Deposit Insurance Corp. for other reasons.

Among the banks currently or previously facilitating the titillation trade: Minotola National Bank of Vineland, N.J.; Heartland Bank of St . Louis Mo.; Benchmark Bank of Dallas; Amtrade International Bank of Atlanta; and First Data's First Financial Bank.

In June, the central bank had left its benchmark bank-lending rate unchanged at a 41-year low of 1.75percentt and retained its view that risks to the economy were balanced between weakness and higher inflation.

Lacking a better benchmark, banks have resorted to using the ABX index of mortgage-related derivatives when working out how much to mark down their investments.

The Fed has reduced its benchmark overnight bank lending rate four times this year.

Federal Reserve policy makers are expected to hold the benchmark overnight bank lending rate today at 1percentthethe lowest since 1958.

The National Association of Manufacturers called on Federal Reserve policy makers to lower the benchmark overnight bank lending rate half a percentage point, to 2percentt, when they meet on Tuesday.

A 41-year low in the Fed's benchmark overnight bank rate will ensure a "plodding recovery," said Jack Guynn, president of the Federal Reserve Bank in Atlanta.

Central bankers voted unanimously at the May meeting to leave the benchmark overnight bank lending rate at the lowest level in 41 years.