All of these institutions play an important role in every individual's development as a social being. Perhaps the most common of all financial institutions is the bank. Among the main ones examples of economic institutions The World Bank, the International Monetary Fund and the World Trade Organization stand out. Some of these institutions offer general services while others are more specialized in what they offer. Another important social institution in the society is the family. The institutions constrain political actors by punishing deviations from institutionally-prescribed behaviors and rewarding appropriate behavior. It is also considered as the society's oldest foundation. A Commercial Bank is also a type of Financial Institution that often performs roles as a payment agent within a country & between nations. 4. Investment Banks. There are different social institution in society. In addition, the target customers for this type of institution are usually individuals who live in the area and business owners who operate in the same community. Institutional File, 2001-2006 Institutional Types The Institutional file is a quarterly published file that contains a list of all providers currently certified in the CMS OSCAR system that are classified as belonging to one of the following nine types of institutions:. Federal Correctional Institutions, which are low security prisons, usually have a double wire fence. Economic institutions have different characteristics according to their nature. While each individual institution is unique, they do share similarities according to their type. Mortgages and other types of loans are also included. While the institution itself is a sociological term referring to certain regular behavior (Schotter, 1981) and talking about permanent elements of … An Edge corporation is chartered by the Federal Reserve Board to engage in international banking and financial operations and can be broken into domestic branches, banking institutions, or investment institutions. The inmates sleep in dormitories or cubicles. Mutual Funds. There is usually a strict work program. Government institutions develop and implement rules and manage relations with other countries and stakeholders. These societies are the family, the church, the government, the school and the economic institutions. The types of financial institutions include commercial banks, investment banks, insurance companies, brokerages, investment firms, management investment companies and non-bank financial institutions including credit unions, payday lenders and savings and loans institutions. This type of financial service helps people to save money intelligently, and receive a return on their investment when possible. The typical community bank offers a full range of financial services. The bank will have options for checking and savings accounts. Here are examples of several of the more common types of institutions that may be of help, depending on what type of finances are under consideration. The family is considered as the basic unit of society. For some prospective students, the choice to go to university is an obvious one, as entry into many professions (medicine and architecture, for example) requires a higher … 2 Federal Correctional Institutions. If you have a 401K program through your employer, that is one type of wealth management. Different countries have varying government systems including democracy, monarchy, authoritarian and totalitarian. Mutual funds institutions offer a type of investment that multiple parties share in. Residents in this type of prison sleep in dormitories and are usually in a work or study program. Includes the following Institution Types: Federal Credit Union; State Credit Union; Edge/Agreement Corporations.