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Financial Acronyms

ABA American Bankers Association
ACB America's Community Bankers
ACH automated clearing house
AcSEC Accounting Standards Executive Committee (of the American Institute of Certified Public Accountants)
ACSSS American Council of State Savings Supervisors
ADC acquisition, development and construction (loan)
AF Appraisal Foundation
AFBA appropriate federal banking agency
AIBD Association of International Bond Dealers
AICPA American Institute of Certified Public Accountants
ALJ administrative law judge
ALLL allowance for loan and lease losses
AMMINET Automated Mortgage Market Information Network
ANPR advance notice of proposed rulemaking
APR annual percentage rate
ARD assistant regional director
ARM adjustable rate mortgage
ARP Accelerated Resolution Program
ASB Appraisal Standards Board
ASC all savers certificate
ATI alternative mortgage instrument
ATIP actual thrift investment percentage
ATM automated teller machine
ATS Applications Tracking System
BIF Bank Insurance Fund
BMA Bank Merger Act
C&D cease and desist (order)
CAMELS Capital, Assets, Management, Earnings, Liquidity, and Sensitivity to risk
CBO Congressional Budget Office
CBOE Chicago Board Options Exchange
CBOT Chicago Board of Trade
CD capital directive, or certificate of deposit
CDI core deposit intangibles
CEBA Competitive Equality Banking Act of 1987
CEF continuing examination file
CEO chief executive officer
CFC Combined Federal Campaign
CFR Code of Federal Regulations
CFO chief financial officer
CFSA certified financial services auditor
CFTC Commodity Futures Trading Commission
CIIS Confidential Individual Information System
CMA consent merger agreement
CME Chicago Mercantile Exchange
CMO collateralized mortgage obligation
CMP civil money penalty
CMR consolidated maturity/rate
CMT Constant Maturity Treasury rate
COB close of business
COFI cost of funds index
COO chief operating officer
CPA certified public accountant
CPI Consumer Price Index
CRA Community Reinvestment Act
CSAC Credit Standards Advisory Committee
CSBS Conference of State Bank Supervisors
CTR certified thrift regulator
CUSIP Committee on Uniform Securities Identification Procedures
DAF director of agency functions
DIDC Depository Institutions Deregulation Committee
DIDRA Depository Institutions Disaster Relief Act of 1992
D&O directors and officers
DOE director of examinations
DTHC diversified thrift holding company
EEO equal employment opportunity
EDP electronic data processing
EDS examination data system
EFTS electronic funds transfer system
EIC examiner in charge
EIFT Emerging Issues Task Force (of FASB)
EOD (date) entered on duty
EOP Examination Objectives and Procedures (former manual for thrift examiners)
ER/AM early resolution/assisted merger
ERI equity risk investment(s)
ERISA Employment Retirement Insurance Security Act
ESOP employee stock option plan
FADA Federal Asset Disposition Association
FASB Financial Accounting Standards Board
FCR federal compliance regulator
FDIC Federal Deposit Insurance Corporation
FDICIA Federal Deposit Insurance Corporation Improvement Act of 1991
FED Federal Reserve Board (formal name: Board of Governors of the Federal Reserve System)
FEPCA Federal Employees Pay Comparability Act of 1990
FF&E furniture, fixtures and equipment
FFIEC Federal Financial Institutions Examination Council
FHA Federal Housing Administration
FHFB Federal Housing Finance Board
FHLB Federal Home Loan Bank
FHLBB Federal Home Loan Bank Board
FHLBSYSTEM Federal Home Loan Bank System
FHLMC Federal Home Loan Mortgage Corporation
FICO Financing Corporation
FIFO first in, first out
FinCEN Financial Criminal Enforcement Network
FIRACRES Financial Institutions Regulatory Agencies Criminal Referral and Enforcement System
FIRREA Financial Institutions Reform, Recovery and Enforcement Act of 1989
FISR federal information systems regulator
FLSA Fair Labor Standards Act
FM field manager
FmHA Farmers Home Administration
FNMA Federal National Mortgage Association
FRS Federal Reserve System
FSLAC Federal Savings and Loan Advisory Committee
FSLIC Federal Savings and Loan Insurance Corporation
FSLICAC Federal Savings and Loan Insurance Corporation Advisory Council
FSLICRF Federal Savings and Loan Insurance Corporation Resolution Fund
FTE full time equivalent
FTR federal thrift regulator
G&A general and administrative (expenses)
GAAP generally accepted accounting principles
GAAS generally accepted auditing standards
GAO General Accounting Office
GEM graduated-equity mortgage
GNMA Government National Mortgage Association
GNP gross national product
GPM graduated payment mortgage
GVA general valuation allowance
HLT highly leveraged transaction
HMDA Home Mortgage Disclosure Act
HOLA Home Owners' Loan Act
HOLC Home Owners' Loan Corporation
HUD Department of Housing and Urban Development
IADB Inter-American Development Bank
IBAA Independent Bankers Association of America
IBRD International Bank for Reconstruction and Development (The World Bank)
ICC income capital certificate
ICC Interstate Commerce Commission
ICR industry condition report
IMCR individual minimum capital requirement
IMF International Monetary Fund
IO interest only
IPO initial public offering
IRA individual retirement account
ISDA International Swap Dealers Association
LAR loan application register
LIBID London Interbank Bid Rate
LIBOR London Interbank Offered Rate
LIFFE London International Financial Futures Exchange
LIFO last in, first out
LOCOM lower of cost or market
MACRO Management, Asset quality, Capital adequacy, Risk management, and Operating results
MBS mortgage-backed security
MCC mutual capital certificate
MCP Management Consignment Program
MGIC Mortgage Guaranty Insurance Corporation
MHC mutual holding company
MIDS Merit Increase Decision System
MIS management information systems
MMDA money market deposit account
MOU memo of understanding
MSA metropolitan statistical area
MVPE market value of portfolio equity
NAAHL National Association of Affordable Housing Lenders
NAFSA National Association of Financial Services Auditors
NASAA North American Securities Administrators Association
NASD National Association of Securities Dealers
NASDAQ National Association of Securities Dealers Automated Quotations
NATS National Applications Tracking System
NAV net asset value
NCUA National Credit Union Administration
NETS New Examiner Training School (former name of NTRS)
NTRS New Thrift Regulator School
NHS Neighborhood Housing Services
NIC net interest cost
NIM net interest margin
NOC notice of charges
NOI net operating income
NOW negotiable order of withdrawal
NPR notice of proposed rulemaking
NPV net portfolio value
NRC Neighborhood Reinvestment Corporation
NRV net realizable value
NWC net worth certificate
NYCHA New York Clearing House Association
NYFE New York Futures Exchange
NYME New York Mercantile Exchange
NYSE New York Stock Exchange
OCC Office of the Comptroller of the Currency
OFHEO Office of Federal Housing Enterprise Oversight
OFIA Office of Financial Institution Adjudication
OMB Office of Management and Budget
OPM Office of Personnel Management
ORA Office of Regulatory Activities (former FHLBSystem office)
ORPOS Office of Regulatory Policy, Oversight and Supervision (former FHLBSystem office)
OTC over the counter
OTS Office of Thrift Supervision
PAC planned amortization class (of a CMO)
PAM pledged account mortgage
PC participation certificate
PCA prompt corrective action
PCCR purchased credit card relationships
PERK preliminary examination response kit
PI preliminary injunction
PIN personal identification number
PITI principal, interest, taxes and insurance
PLAM price-level-adjusted mortgage
PMI private mortgage insurance
PMSR purchased mortgage servicing rights
PO principal only
PPAS performance planning and appraisal system
PRC Policy Review Committee
PUD planned unit development
PVO privately owned vehicle
QTI qualified thrift investments
QTL qualified thrift lender
RAM reverse-annuity mortgage
R&P removal and prohibition (order)
RAP regulatory accounting practices
RD regional director
RDD regional deputy director
REFCORP Resolution Funding Corporation
REIT real estate investment trust
REMIC real estate mortgage investment conduit
REO real estate owned
RESPA Real Estate Settlement Procedures Act of 1974
RFP request for proposal
RICO Racketeer-Influenced and Corrupt Organizations Act
ROA return on assets
ROE report of examination, or return on equity
RRM renegotiable rate mortgage
RTC Resolution Trust Corporation
RTCOB Resolution Trust Corporation Oversight Board
RTCRRIA Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991
SA supervisory agent
SACS supervisory action control system
SAIF Savings Association Insurance Fund
SAM shared appreciation mortgage
SBA Small Business Administration
SCD service computation date
SEA Securities Exchange Act of 1934
SEC Securities and Exchange Commission
SFAS statement of financial accounting standards
SLMA Student Loan Marketing Association
SMSA standard metropolitan statistical area
SOC statement of condition
SOP statement of position, or standard operating procedure
SPC Supervisory Policy Committee
STARS Supervisory Training & Action, Research & Solutions (supervisory training school)
SVA specific valuation allowance
TARP Thrift Administration Review Program
TARS Time Activity Reporting System
TDPOB Thrift Depositor Protection Oversight Board
TFR Thrift Financial Report
TIES Thrift Information Exchange System
TIMS trusts for investment in mortgages
TRO temporary restraining order
TWA transactions with affiliates
UCC Uniform Commercial Code
USC United States Code
USPAP Uniform Standards of Professional Appraisal Practice
UTPR Uniform Thrift Performance Report
VA Veterans Administration
WI when issued

About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".

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