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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
(2) AFFILIATION- An insured depository institution, a company that controls, directly or indirectly, an insured depository institution or is treated as a bank holding company for purposes of the Bank Holding Company Act of 1956 (12 U.S.C.
The adjusted monetary base combines in a single index Federal Reserve actions that affect the supply of base money - open market operations, discount window lending, and unsterilized foreign exchange market intervention - with actions that affect depository institutions' demand for base money - changes in statutory reserve requirements.
Associated operates the fourth largest depository institution in the market, controlling deposits of $1.7 billion, which represent approximately 5.1 percent of market deposits.
One criticism in its report, Failed Banks: Accounting and Auditing Reforms Urgently Needed (April 1991), and again in Depository Institutions: Flexible Accounting Rules Lead to Inflated Financial Reports (June 1992), concerns the term "probable" when used to measure loan impairment.
In evaluating financial factors in expansion proposals by depository institutions, the Board reviews the financial condition of the institutions involved.
(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.
Seiffert, has been appointed to the Federal Reserve's Community Depository Institutions Advisory Council (CDIAC).
As shown in the figure below, primary credit loans provided to depository institutions through the discount window has continued to decline.
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.
Appendix A provides a routing symbol guide that helps depository institutions determine the maximum permissible hold periods for most deposited checks.
The FDIC has also issued guidance to insured depository institutions about selected provisions of the Sarbanes-Oxley Act related to corporate governance, audits and reporting requirements.

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