GLOSSARY Terms related to the Federal Reserve, banking and economics   A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |   National Association of Securities Dealers (NASD)   National Association of Securities Dealers Automated Quotations (NASDAQ ) A computerized system established by the NASD to facilitate trading by providing broker/dealers with current bid and ask price quotes on over-the-counter stocks and some listed stocks.   National Credit Union Administration (NCUA) The federal government agency that supervises, charters and insures federal credit unions. NCUA also insures state-chartered credit unions that apply and qualify for insurance. The NCUA also operates a credit facility for member credit unions.   national rate of unemployment The rate of unemployment attainable without stimulating an increase in the inflation rate.   negative amortization   negotiable order of withdrawal (NOW) account An interest-earning account on which checks may be drawn. Withdrawals from NOW accounts may be offered by commercial banks, mutual savings banks, and savings and loan associations and may be owned only by individuals and certain nonprofit organizations and governmental units.   net worth The difference between the total assets and total liabilities of an individual.   nominal interest rates Current stated rates of interest paid or earned.   nonmember bank Depository institution that is not a member of the Federal Reserve System. Specifically, a state-chartered commercial bank that has elected not to join the System.