The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

MONEY CENTER BANKS Definition & Legal Meaning

Definition & Citations:

Located in economic hubs, in large cities like Los Angeles, New York, London, and Hong Kong, these types of banks earn revenue from transactions with governments, big businesses, and other banks, and not the individual consumer. Regular banks typically get interest rates and business practices from these banks. Also known as money market center banks.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.