What is the meaning of FTB in banking?
In the context of banking, FTB can have different meanings depending on the specific institution and its usage. While not a universally standardized banking acronym, based on the provided references, one clear meaning emerges.
One prominent meaning of FTB in banking relates to an interest rate index. Specifically, FTB Rate means the base commercial rate of interest established from time to time by the Bank. This rate serves as one of several indices used by the referenced bank for its operations. [^1, ^5] The exact bank isn't specified in the source, highlighting that FTB Rate is context-dependent, applying only to the specific bank that defines it.
FTB: Ambiguity Beyond Interest Rates
The provided references reveal additional uses of "FTB," mainly referring to the California Franchise Tax Board (FTB). [^2, ^3, ^4, ^7, ^8, ^9] In this case, FTB is not related directly to banking operations; instead, it's a governmental body dealing with tax collection. The FTB interacts with banks indirectly, as seen in its acceptance of electronic funds transfers for tax payments and its involvement in withholding orders from various payers, including banks. [^3, ^7]
Therefore, it's crucial to consider the context when encountering the abbreviation "FTB." Without specifying the institution or domain, the meaning remains ambiguous.
[^1]: FTB Rate Definition | Law Insider
[^2]: Legal ruling 1994-2 | FTB.ca.gov
[^3]: Electronic funds transfer | FTB.ca.gov
[^4]: Web Pay | Payment Types | California Franchise Tax Board
[^5]: FTB Rate Definition | Law Insider
[^7]: Withholding orders | FTB.ca.gov
[^8]: Franchise Tax Board - Student Business Services | CSUF
[^9]: Apportionment and allocation | FTB.ca.gov
