Mutual Savings Bank - MSB
- Mutual Savings Bank - MSB
- A type of thrift institution, originally designed to serve low-income individuals, that historically invested in long-term, fixed-rate assets such as mortgages. Initiated in 1816, the first mutual savings banks (MSBs) were the Philadelphia Saving Society and Boston's Provident Institution for Saving. Most MSBs were located in the Mid-Atlantic and industrial Northeast regions of the United States. By 1910, there were 637 of these institutions.
MSBs were generally very successful until the 1970s. During the 1980s, regulations governing what they could invest in and what rate of interest they could pay to customers combined with rising interest rates to cause massive losses for MSBs. Consequently, many MSBs failed in the 1980s; others merged, became commercial banks or converted to stock form.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
mutual savings bank — n. a state chartered savings bank owned by its depositors and managed by a board of trustees. Abbreviated {MSB}. [WordNet 1.5] … The Collaborative International Dictionary of English
mutual savings bank — noun a state chartered savings bank owned by its depositors and managed by a board of trustees • Syn: ↑MSB • Hypernyms: ↑savings bank * * * noun : a bank organized without stock which receives savings deposits and whose earnings accrue entirely… … Useful english dictionary
savings bank — noun 1. a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks • Hypernyms: ↑thrift institution • Hyponyms: ↑mutual savings bank, ↑MSB, ↑federal savings… … Useful english dictionary
MSB — mutual savings bank mutual savings bank n. a state chartered savings bank owned by its depositors and managed by a board of trustees. Abbreviated {MSB}. [WordNet 1.5] … The Collaborative International Dictionary of English
MSB — n. See {mutual savings bank}. [abbr.] [WordNet 1.5] … The Collaborative International Dictionary of English
MSB — mutual savings bank взаимно сберегательный банк (США) … Финансово-инвестиционный толковый словарь
MSB — noun a state chartered savings bank owned by its depositors and managed by a board of trustees • Syn: ↑mutual savings bank • Hypernyms: ↑savings bank * * * msb (computing) abbrev Most significant bit * * * abbr. most significant bit … Useful english dictionary
