• Source: Depository institution

Colloquially, a depository institution is a financial institution in the United States (such as a savings bank, commercial bank, savings and loan associations, or credit unions) that is legally allowed to accept monetary deposits from consumers. Under federal law, however, a "depository institution" is limited to banks and savings associations - credit unions are not included (debatable).
An example of a non-depository institution might be a mortgage bank. While licensed to lend, they cannot accept deposits.




See also


Authorised deposit-taking institution




References



Ruben D Cohen (2004) “The Optimal Capital Structure of Depository Institutions”, Wilmott Magazine, March issue.

Kata Kunci Pencarian:

• Lembaga keuangan berdampak sistemik
• Pembunuhan J. D. Tippit
• Depository institution
• Originating Depository Financial Institution
• Financial institution
• National Securities Depository Limited
• Depository Trust & Clearing Corporation
• Depository Institutions Deregulation and Monetary Control Act
• Garn–St. Germain Depository Institutions Act
• Federal Reserve
• CREST (securities depository)
• ACH Network