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Depository Trust Company

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Depository Trust Company (DTC)
DTC is the world's largest central securities depository. It accepts deposits of over 2 million equity and debt securities issues (valued at $23 trillion) from over 65 countries for custody, executes book-entry deliveries (valued at over $116 trillion in 2000) records book-entry pledges of those securities, and processes related income distributionsFederal Reserve System and is owned by The Depository Trust and Clearing Corporation (DTCC), which is in turn owned primarily by most of the major banks, broker-dealers, and exchanges on Wall Street.
Depository Trust Company (DTC)
A national depository for security certificates that records, maintains, and transfers securities for member firms. The DTC seeks to reduce the movement of certificates by arranging for computerized transfers.


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With the exit of the Reserve Banks, depository institution customers of the noncash collection service could instead use a private-sector service provider, such as the Depository Trust Company or a correspondent bank, to collect their definitive municipal bonds and coupons or could present these items for payment directly to the paying agent.
Proposal to discontinue services for definitive municipal securities by Federal Reserve Bulletin
The Preferred Securities to be redeemed will be selected in accordance with the applicable procedures of The Depository Trust Company for partial redemptions.
Hanover Compressor Company Issues Call for Partial Redemption of 7 ... by Business Wire
If the Reserve Banks withdraw from the service, depository institution customers would have several reasonable, private-sector options available for processing definitive municipal securities such as through the Depository Trust Company, correspondent banks, or direct presentment to the paying agents.
Comment requested on proposal to discontinue FRB services for ... by Federal Reserve Bulletin
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