The Legislature expressly linked Act viability to "the confidential nature of customer accounts and safe deposits in the
depository and in the confidential nature of transactions between a customer and a
depository."(104) A key Act purpose protects "the confidential relationship" between depositories and customers, while balancing "a customer's right of privacy with the governmental interest in obtaining information for specific purposes and by specified procedures" authorized in the Act.(105) As indicated above, the Act generally bars depositories from including customer financial records or identity in most Department reports, and it also bars customer records disclosure during dissolution or closure.(106)
In the domestic process, the clearinghouse operator makes entries available to the receiving
depository financial institution, as designated by its routing number in the NACHA format.
Woori Bank has reportedly enjoyed enormous profits for more than a century in managing the city's budgets, which are worth 32 trillion won this year, and major banks have been calling on the city government to implement a dual
depository system.
In 2015, the Texas Legislature passed House Bill 483, creating a gold
depository in Texas.
It argued that having a single
depository system for both bonds and equities would allow nimbleness in market management, facilitate speed in markets, enable a market to achieve same day values and enhance investors' earning capacity.
However, according to Meyer, the biggest reward has been the increased recognition the Law Library now receives, which allows it to "promote the FDLP [Federal
Depository Library Program] more through our local media and through our local elected officials."
''The
depository will allow Hong Kong to act as a bridge between global gold producers and markets on the mainland,'' authority Chairman Victor Fung said in the statement.
For
depository institutions that report quarterly, the low reserve tranche and the reserve requirement exemption amount for 2006 will first apply to the seven-day reserve computation period that begins Tuesday, December 20, 2005, and the corresponding seven-day reserve maintenance period that begins Thursday, January 19, 2006.
REFLECTIONS: The IRS has proposed regulations that would raise the EFT payment threshold to $200,000 in aggregate Federal
depository taxes, beginning on Jan.
Transfers of beneficial ownership are handled through electronic debits and credits from one
depository participant to another.
