Financially, um...turn your head and cough. A bank examination is a review process to ensure that a bank or lending institution is financially stable, as well as in compliance with federal banking regulations.
The CAMELS is a system used to rate banks.
The components of a bank's condition that are assessed by the CAMELS system are:
· (C)apital adequacy
· (A)ssets
· (M)anagement Capability
· (E)arnings
· (L)iquidity (also called asset liability management)
· (S)ensitivity (sensitivity to market risk, especially interest rate risk)
Ratings are given from 1 (best) to 5 (worst) in each of the above categories.
A bank in a rural area was going through its annual review. At the conclusion of the review, the examiner came in to present his findings. He said "This bank needs to adopt a more conservative approach to lending. You can't allow loans for exotic animals!" The bank officers were confused, "We don't understand. What are you talking about?" The examiner slapped down a sheet of paper and pointed to a transaction. "You approved a loan for this rancher to buy 500 exotic birds, ewes!" The bank guys waited a moment trying to figure out why the examiner pronounced the word u-wees. Then the bank president spoke up, "Sir, I think you mean kiwis. The rancher bought ewes; a ewe is a female sheep."
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Finance: What is a Routing Number?20 Views
finance a la shmoop what is a routing number of a routing number is so that
wired monies can you know like find their way home yeah think of them like [maze game]
the smell of worm to Canadian geese when you write a check or wire money or do [worms and Canadian geese]
almost anything financial these days the dough is given a kind of custom [card getting swiped]
electronic signature and basically a number a big fat one like this one yeah
and the numbers mean specific things like on a paper check the routing of the
dough you're paying to Lana sim for um you know services rendered comes in two [breakdown of a check]
pieces there's a nine digit routing number aka our TN aka routing transit
number which is here and that number is then mapped to your specific account
number which is here why did you need this number why do you need it at all
well when you suddenly see an item on your bank statement for a payment of [bank statement document]
$350 to Yamaka supply limited and you're about as Jewish as the Pope well you may [Pope Francis in the Vatican]
want your bank to be able to track that sucker down because it was fraud on your
account I'd like to be able to prove that you were not in fact the one who
authorized that payment so your bank can refund you you know your hard-earned
cash all right there we go much better yeah I am
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