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 ?
A similar same-day funds development process is being undertaken at the Midwest depository.
Yet much of how the depository will actually function remains up in the air.
Starting at the end of May, die Service began mailing Forms 9779 to taxpayers whose depository history indicated that they may be subject to the new EFT deposit requirements.
7) The Board has carefully reviewed the competitive effects of the proposal in each of these banking markets in light of all the facts of record, including the number of competitors that would remain in the markets, the relative shares of total deposits in depository institutions in each market ("market deposits") controlled by Associated Bank and State Bank, (8) 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"), (9) and other characteristics of the markets.
94-48 specifies the depository taxes subject to the EFT requirement and provides guidance to both financial institutions and taxpayers.
In reviewing the proposal under the Bank Merger Act and section 9 of the FRA, the Board has carefully considered the financial and managerial resources and future prospects of the companies and depository institutions involved in the proposal and certain other supervisory factors.
The agencies also advise insured depository institutions to distinguish overdraft protection services from "free" account features, to prominently distinguish balances from overdraft protection funds availability, and to alert consumers before a transaction triggers any fees.
These three components are: Risk Management (R); Financial Condition (F); and potential Impact (I) of the parent company and nondepository subsidiaries on the subsidiary depository institutions.
The average monthly distribution of principal and interest for these securities by The Depository Trust Company, DTCC's depository, grew from $9.
The Federal Reserve Board published on December 21, 2004, its annual notice of the asset-size exemption threshold for depository institutions under Regulation C (Home Mortgage Disclosure), which implements the Home Mortgage Disclosure Act (HMDA).
NEW YORK -- The Depository Trust & Clearing Corporation (DTCC) announced today that by order entered May 31, 2006, the United States District Court for the District of Nevada, Las Vegas, has dismissed Whistler Investment, Inc.
Juniper Bank, with consolidated assets of approximately $437 million, is the 21st largest depository organization in Delaware, controlling $326.

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