Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "BTC Bank"


2 mentions found


Political Cartoons View All 253 ImagesUnder so-called linked-deposit programs, states deposit money in banks at below-market interest rates. Banks then leverage those funds to provide short-term, low-interest loans to particular borrowers, often in agriculture or small business. The programs can save thousands of dollars for borrowers by reducing their interest rates by an average 2-3 percentage points. Illinois has nearly $950 million of deposits linked to low-interest loans for farmers, businesses and individuals. In 2015, Frerichs said, the state's agricultural investment program had just two low-interest loans.
Persons: Vivek Malek, Malek, ” Malek, Banks, Michael Frerichs, Frerichs, Rafael Salaberrios, ” Salaberrios, Brian Zimmerschied, Doug Fish, Jason Bernard, ” Bernard, Mike Hopkins, , Hopkins, Jordan Harvey, Sid Miller, hadn't, Miller, Organizations: JEFFERSON CITY, Federal Reserve, National Association of State, State Development, , OakStar Bank, FCS, FCS Financial, BTC Bank, Montana Board of Investments, Republican, AP Locations: Mo, Missouri, New York, Illinois, Montana, , National Association of State Treasurers . Illinois, Bethany , Missouri, Bethany, Iowa , Kansas, Ohio, Kansas, In Ohio, Texas
Abuja, Nigeria CNN —President Muhammadu Buhari on Thursday directed Nigeria’s central bank to reissue old 200-naira ($0.43) banknotes withdrawn just days ago as concerns grow that the botched introduction of new money could disrupt general elections later this month. In a televised broadcast Thursday, Buhari expressed sympathy for Nigerians experiencing hardship and announced that the old 200- naira note will return to circulation for 60 days. The higher denomination notes remain canceled but can be exchanged at the central bank and other designated points, he said. He also assured Nigerians that the supply of cash would improve in the coming days. “I have been reliably informed that since the commencement of this program, about 2.1 trillion naira ($4.5 billion) out of the banknotes previously held outside the banking system, had been successfully retrieved,” he said.
Total: 2