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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.


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 ?
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision (the agencies), and the Conference of State Bank Supervisors asked insured depository institutions on September 1, 2005, to consider all reasonable and prudent steps to assist customers' and credit union members' cash and financial needs in areas affected by Hurricane Katrina.
Maintaining the Federal Reserve Board's authority to impose consolidated capital standards as a safeguard on bank holding companies whose subsidiary insured depository institutions constitute their principal business.
As part of our ongoing commitment to facilitating seamless and efficient receivables management, CDS will continue to expand its ECP program to include more depository institutions.
Henry Forer, who was for over 30 years an outstanding partner of D&T and who has been retired for about four years, agreed not to perform certain accounting or auditing services for insured depository institutions for five years without prior approval of banking regulators, and if he does, he will follow procedures similar to those D&T will follow.
The disclosures include informing the consumer that the insurance product or annuity is not insured by the FDIC or any other agency of the United States, the institution or an affiliate; the insurance product or annuity is not a deposit or other obligation of, or guaranteed by, the depository institution or its affiliate, and if the insurance product or annuity involves an investment risk, consumers must be told there is a risk and informed of the possible loss of value.
In contrast, the total number of offices of FDIC-insured depository institutions increased almost 20 percent, from 80,958 in 1995 to 97,261 in 2007.
Also, the act's increased flexibility in setting reserve requirements would allow the Federal Reserve to reduce the regulatory burden on depository institutions.
In Louisiana, HNB is the largest depository institution, controlling deposits of $12.
Passage of the 1994 Reigle-Neal interstate banking legislation spurred consolidation of depository institutions.
5 and SEC guidance and acceptable to examiners have been developed by many depository institutions.
As part of such filing, the Company disclosed that it has engaged an advisor to assist it in evaluating the feasibility of the Company forming or acquiring a depository institution.

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