depository

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Depository

The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box.

This term should not be confused with depositary, which is the person or institution taking responsibility for the deposit, rather than the place itself.

U. S. depositories are banks selected and designated to receive deposits of the public funds (e.g., taxes) of the United States.

depository

noun apotheca, archives, bunker, cache, catchall, coffer, collection, container, depot, hold, holder, magazine, place for safe keeping, place of deposit, receptaculum, repertory, repository, reservoir, safe, safeeeposit box, storage, store, storehouse, vault, warehouse
Associated concepts: depository box, legal depository, reservoir
See also: arsenal, bank, cache, catchall, repository, reserve, store
References in periodicals archive ?
Associated operates the fourth largest depository institution in the market, controlling deposits of $1.
where he is national technical director for depository institutions.
The Company sees the benefits of forming or acquiring a depository institution as follows: (i) as future investments (i.
The primary impact of the higher capital requirements will be to reduce the excess capital projected to be remaining at the end of IndyMac Bank's third year as a depository institution.
9) The Board has carefully reviewed the competitive effects of the proposal in this banking market in light of all the facts of record, including the number of competitors that would remain in the market, the relative shares of total deposits in depository institutions in the market ("market deposits") controlled by Citizens Bank and First National Bank, (10) the concentration level of market deposits and the increase in this level as measured by the Herfindahl-Hirschman Index ("HHI") under the Department of Justice Merger Guidelines ("DOJ Guidelines"), (11) and other characteristics of the market.
Following the closing of the transaction, IndyMac will, in effect, cease to operate as a REIT and will become a taxable depository institution.
37) Federal law requires an insured depository institution to provide notice to the public and to the appropriate federal supervisory agency before closing a branch.
All depository institutions must hold a percentage of certain types of deposits as reserves in the form of vault cash, as a deposit in a Federal Reserve Bank, or as a deposit in a pass-through account at a correspondent institution.
Seiffert, has been appointed to the Federal Reserve's Community Depository Institutions Advisory Council (CDIAC).
M2 EQUITYBITES-October 7, 2015-Federal Reserve Board names new member to National Community Depository Institutions Advisory Council
On November 17, 2009, the Federal Reserve Bank decided to reduce the maximum maturity of primary credit loans at the discount window for depository institutions to 28 days from 90 days effective January 14, 2010.
The Federal Reserve Board announced the approval of policy changes that seek to reduce the overuse of Federal Reserve Bank cash-processing services by providing incentives for depository institutions to recirculate currency among their customers.

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