new york new york 1984 headquarters white plains new york united states key people norbert mehl founder & ceo products banking and loan rates website www.banxquote.com banxquote was the foremost provider and licensor of indexes and analytics used as a barometer of the u.s. banking and mortgage markets until its exit in 2015 . its bank rate website and consumer banking marketplace featured dynamically updated daily market rates on banking mortgage and loan products throughout the united states until its exit in 2010 . contents 1 history and activities 2 banxquote on bloomberg terminal 3 the banxquote index trademark and performance benchmarks 3.1 case studies 4 use by government policy makers gses non profits and economists 4.1 u.s. government agencies 4.2 government sponsored enterprises gses 4.3 foundations non profit judiciary & religious organizations 5 press coverage & syndication 6 references 7 external links history and activities edit banxquote was established by its parent banxcorp in 1984 and its internet operations were launched at a banxquote national banking conference held at salomon brothers in new york on april 7 1995 . 1 clients of the firm have included hundreds of financial institutions nationwide and its indexes were frequently used as a trusted source and performance benchmark by public policymakers government agencies major banks and corporations . banxquote operated an online national banking marketplace for 15 years until its exit in 2010 it featured rates on money market accounts savings and jumbo certificate of deposit cds mortgage loans home equity and auto loans for various terms and amounts . banxquote also provided proprietary state by state regional and national composite benchmarks for its various banking and lending products . clients of the firm have included hundreds of banks and financial institutions nationwide . in 1985 the wall street journal started featuring banxquote for 17 consecutive years . banxquote on bloomberg terminal edit banxquote current and historical proprietary data indices charts and analytical tools were available on bloomberg terminals from 1995 until its exit form the market in 2015 reaching over 250 000 financial market professionals worldwide . the banxquote index trademark and performance benchmarks edit the dow jones barron s dictionary of banking terms defines the banxquote money market index tm as an index of rates paid by investors on negotiable certificates of deposit and high yield savings accounts compiled weekly by banxcorp . the index offers a side by side comparison of rates paid by selected banks and savings institutions on small denomination under 10 000 savings accounts . 2 the banxquote conforming jumbo mortgage index tm is typically used to analyze the historical spread between national average conforming and jumbo mortgage rates . banxquote licenses its registered trademark proprietary indices data analytical tools and financial applications to third parties . case studies edit aaa american automobile association money markets & cds 3 general electric capital corp. ge interest plus 4 ford interest advantage notes issued by ford motor credit company 5 bloomberg professional terminals worldwide ubs one of the world s leading financial institutions 6 discover bank part of discover financial services 7 countrywide bank 8 metlife bank a subsidiary of metlife inc. 9 capital one direct banking 10 charles schwab & co. 11 zions bank 12 use by government policy makers gses non profits and economists edit banxquote data are cited by various government agencies policy makers gses non profit and religious organizations and economists such as outlined below . u.s. government agencies edit the white house council of economic advisers u.s. senate committee on banking housing and urban affairs 13 u.s. department of the treasury 14 federal deposit insurance corporation fdic 15 william poole federal reserve bank president federal reserve bank of st. louis 16 government finance officers association 17 office of federal housing enterprise oversight ofheo office of thrift supervision ots selected asset and liability price tables ; as of june 30 2007 18 government sponsored enterprises gses edit the role of freddie mac the federal home loan mortgage corporation 19 freddie mac provides stability to the mortgage market . 20 wharton financial institutions center working paper measuring the benefits of fannie mae and freddie mac to consumers 21 foundations non profit judiciary & religious organizations edit f.b. heron foundation 22 the foundation has established performance benchmarks for each asset class in its mission related portfolio . the benchmark for deposits is the national average for two year jumbo deposits as reported by banxquote . michigan court michigan judicial institute citistreet investing webcast 23 diocese of monterey california 24 in 2007 the bishop of monterey established a policy that all funds of the monterey diocese deposited in its cash management and deposit and loan programs would earn a rate tied to the banxquote money market rate . press coverage & syndication edit banxquote has been quoted and its data has been syndicated by leading print and online media such as the following bloomberg news 25 business week current figures of the week 26 the wall street journal banxquote money markets table 1985 2002 27 wsj.com banxquote banking center 1995 2002 28 the new york times banxquote banking center 1996 2002 29 the washington post banxquote banking center 1996 1999 30 business week banxquote banking center 1997 1999 31 banxquote has also received frequent press coverage by numerous other news organizations throughout the u.s. 32 including the following associated press u.s. news & world report forbes fortune american banker chicago sun times the washington post tribune business news seattle post intelligencer houston chronicle dallas morning news the boston globe st. louis post dispatch south florida sun sentinel kansas city star st. petersburg times denver rocky mountain news the milwaukee journal sentinel the journal record the record bergen county nj kiplinger s personal finance magazine oakland tribune the salt lake tribune el diario la prensa the boston herald los angeles business journal buffalo news buffalo ny portland press herald maine and the colorado springs gazette telegraph . references edit launch of banxquote.com ; 1995 banxquote national banking conference at salomon brothers banxquote money markets index as defined by barron s aaa money markets & cds by discover bank . on january 1 2008 aaa launched a high yield savings program with discover bank aimed at its nearly 51 million members using the banxquote index as a performance benchmark . ge interest plus uses banxquote index as a performance benchmark . . ford interest advantageises banxquote data asa benchmark . ubs.com cd rate comparison tool powered by banxquote discover bank uses banxquote index as a performance benchmark . countrywide bank launches online savingslink account ; banxquote index used as benchmark metlife bank national average apy information is provided by banxquote.com capital one uses banxquote national average apys as a performance benchmark charles schwab market rate report cd rates provided by banxquote zions bank uses banxquote index as a performance benchmark . u.s. senate committee on banking housing and urban affairs testimony cites banxquote u.s. department of the treasury may 2 2008 the administration s housing presentation pg 7 banxquote mortgage rate spreads fdic quarterly outlook chart average yields by banxquote federal reserve bank of st. louis review ; mar 1 1999 ; monetary policy rules by william poole president government finance review ; dec 1 1996 ; using the internet to assist investment decisions by paul zorn ots price tables pg . 31 based on data from banxquote why freddie mac is still needed source of conforming jumbo mortgage spread banxquote how freddie mac provides stability to the mortgage market source of conforming jumbo mortgage spread banxquote wharton financial institutions center working paper jumbo conforming mortgage spread based on banxquote data f.b. heron foundation use of banxquote performance benchmark for mission related portfolio michigan court michigan judicial institute summer 2007 citistreet investing webcast pg 3 banxquote avg . returns diocese of monterey 2007 cash management and deposit and loan programs tied to banxquote money market rate bloomberg news 9 04 07 article cites banxquote business week current figures of the week featuring banquote key mortgage rates the wall street journal banxquote weekly table and reference wsj.com banxquote banking center the new york times banxquote banking center washington post banxquote banking center business week banxquote banking center banxquote nationwide press coverage external links edit banxquote.com website banxcorp corporate website retrieved from https en.wikipedia.org w index.php title banxquote & oldid 728807734 categories financial institutionsretail financial servicescompanies based in new yorkdata collectionnews aggregators navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 7 july 2016 at 19 58 . text is available under the creative commons attribution sharealike license ; 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