Individual_Reflection

Individual Reflection Paper According to the text, there are many types of financial markets. Primary and secondary markets are common when discussing stocks and bonds. Organized and over-the-counter markets are for members to transact under rules and regulations. A futures market uses futures contracts to conduct trades with future delivery of bonds, gold, and stocks (Kidwell, Blackwell, and Whidbee 2008). Option markets conduct trades in major organized exchanges. One part in the contract must act when the option owner calls. Foreign exchange markets exchange currency either on the spot or by delivery usually by commercial banks or investment banking firms. International and domestic markets allow domestic or overseas firms to borrow or lend large amounts of United States dollars that have been deposited in overseas banks (Kidwell et al 2008). I currently work at a bank and have had a little experience with the markets mentioned above. As a teller, I conducted transactions to order and deliver foreign currency. The bank I work for, Peoples Financial Corporation (the "Company"), was organized as a one bank holding company in 1984. The Company is headquartered in Biloxi, Mississippi. At December 31, 2010, the Company operated in the state of Mississippi through its wholly-owned subsidiary, The Peoples Bank, Biloxi, Mississippi (the "Bank"). The Company is engaged, through this subsidiary, in the banking business. The Bank is the Company's principal asset and primary source of revenue. Deposit services include interest bearing and non-interest bearing checking accounts, savings accounts, certificates of deposit, and IRA accounts. The Bank also offers a non-deposit funds management account, which is not insured by the Federal Deposit Insurance Corporation (“FDIC”). The Bank generally provides depository accounts to individuals and small and middle market businesses in its trade area at interest rates consistent with market conditions. References Kidwell, D. S., Blackwell, D. W., Whidbee, D. A., & Peterson, R. L. (2008). Financial institutions, markets, and money (10th ed.). Hoboken, NJ: Wiley.