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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
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 | Mark McCrackenAuthor: 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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