What Is a State Bank? A state bank is a financial institution that a state has chartered primarily to provide commercial banking services. A state bank is not the same as a central or reserve bank; these institutions are primarily concerned with influencing a government’s monetary policy. Key Takeaways State banks are financial institutions chartered
What Is the State Employees’ Credit Union (SECU)? The term State Employees’ Credit Union (SECU) refers to a nonprofit financial institution that is owned by employees of the state of North Carolina. The SECU was founded in 1937 and is now one of the largest credit unions in the United States by asset size and
What Was the State General Reserve Fund (SGRF)? The term State General Reserve Fund (SGRF) referred to a sovereign wealth fund (SWF)established by the Sultanate of Oman in 1980. The fund was created to manage the investments of Oman’s revenues, with the objective of ensuring the country’s economic stability and sustainable development, and was administered
What Is a Statement of Retained Earnings? The statement of retained earnings (retained earnings statement) is a financial statement that outlines the changes in retained earnings for a company over a specified period. This statement reconciles the beginning and ending retained earnings for the period, using information such as net income from the other financial
What is Statement Shock? Statement shock is a common slang term used to convey the unsettling jolt sort of feeling associated with opening an investment statement and seeing that the value of your portfolio has dropped more than expected. Key Takeaways Statement shock is an immediate negative reaction by an investor to a disappointing financial
What Is the State Oil Fund of the Republic of Azerbaijan (SOFAZ)? The term State Oil Fund of the Republic of Azerbaijan (SOFAZ) refers to a sovereign wealth fund (SWF) established by the Republic of Azerbaijan. The fund was launched in December 1999 after the president signed a decree. The fund, which invests the country’s
What Is the State Street Investor Confidence Index? The State Street Investor Confidence Index is an index that measures institutional investor confidence. The index looks at actual levels of risk taken by investors in their portfolios and reports the figure on the last Wednesday of each month. It is not meant to predict future stock
What is Static Spread? Static spread, also known as zero-volatility spread or Z-spread, is the constant yield spread added to all spot rates on the Treasury curve to align the present value (PV) of a bond’s cash flows to it’s current price. Key Takeaways Static spread, also known as zero-volatility spread or Z-spread, is the
What Is a Static Budget? A static budget is a type of budget that incorporates anticipated values about inputs and outputs that are conceived before the period in question begins. A static budget–which is a forecast of revenue and expenses over a specific period–remains unchanged even with increases or decreases in sales and production volumes. However, when compared to
What Is Stabilization Policy? Stabilization policy is a strategy enacted by a government or its central bank that is aimed at maintaining a healthy level of economic growth and minimal price changes. Sustaining a stabilization policy requires monitoring the business cycle and adjusting fiscal policy and monetary policy as needed to control abrupt changes in
