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2007: The Wes Anderson-driven Banks "Sidewinder" S-10 with a 1250-hp, 6.6 litre Banks Power/Duramax engine becomes the "World's Quickest and Fastest Diesel Drag Truck" with a 7.72 second elapsed time and a top speed of 179+ mph in the quarter-mile, as recorded by the National Hot Rod Diesel Association.
1988: Banks turbocharger systems become a GM dealer-specified option. 1992: A Banks Power-developed twin air intake and intercooler system results in a claimed 80-hp improvement on the factory-turbocharged Dodge Cummins engine. 1993: The Banks "Sidewinder" aftermarket turbocharger is introduced. Tests show that turbo-lag times decrease and ...
In the United States, a primary dealer is a bank or securities broker-dealer that is permitted to trade directly with the Federal Reserve System ("the Fed"). [8] Such firms are required to make bids or offers when the Fed conducts open market operations , provide information to the Fed's open market trading desk, and to participate actively in ...
Banks would be prohibited from imposing interest charges using the "two-cycle" method, which computes interest on balances on days in billing cycles preceding the most recent billing cycle; Banks would be required to provide consumers a reasonable amount of time to make payments [14]
The term "money supply" commonly denotes the total, safe, financial assets that households and businesses can use to make payments or to hold as short-term investment. [11] The money supply is measured using the so-called "monetary aggregates", defined based on their respective level of liquidity. In the United States, for example:
Electronic ticker monitor display, showing the bid and offer status of securities. Securities market participants in the United States include corporations and governments issuing securities, persons and corporations buying and selling a security, the broker-dealers and exchanges which facilitate such trading, banks which safe keep assets, and regulators who monitor the markets' activities.
The actions of the Federal Reserve, including the creation of the Primary Dealer Credit Facility, have expanded its balance sheet from $800 billion, consisting mainly of safe treasury bills, to over $2 trillion, consisting largely of riskier debt and mortgage-backed securities. [12]
In 2004 the SEC amended the net capital rule to permit broker-dealers with at least $5 billion in "tentative net capital" to apply for an "exemption" from the established method for computing "haircuts" and to compute their net capital by using historic data based mathematical models and scenario testing authorized for commercial banks by the ...