Depository institution

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Depository institution

A financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks and credit unions.

Depository Institution

An organization, which may be either for-profit or non-profit, that takes money from clients and places it in any of a variety of investment vehicles for the benefit of both the client and the organization. Common examples of depository institutions are retail banks and savings and loan associations, both of which take deposits into safekeeping and use them to make loans to other customers.

References in periodicals archive ?

The GAO suggested, among other improvements, that Congress consider consolidating the number of federal agencies involved in overseeing the safety and soundness of depository institutions, including transferring the remaining prudential regulators' consumer protection authorities over large depository institutions to the CFPB.

GAO Asks Congress to Consolidate Federal Financial Agencies

Associated operates the 42nd largest depository institution in the market, controlling deposits of $484.

Orders issued under Bank Holding Company Act

5 and SEC guidance and acceptable to examiners have been developed by many depository institutions.

The allowance for loan losses: understanding and applying FASB 5

Should Dynex be able to transition to a depository institution that achieves similar results, we would expect shareholder value as measured by both book value and market value to improve substantially over the long term.

Dynex Capital, Inc. Explores New Business Direction

First, similar to other newly approved depository institutions, the OTS will require that IndyMac's core capital to assets ratio be maintained at a level of 8 percent for the first three years of IndyMac's operation as a depository institution.

IndyMac Receives Final Regulatory Approval to Acquire SGV Bancorp; Clears Way for Transition to Highly Scalable, Technology-Based Consumer Depository

Citizens Bank is the largest depository institution in the market, controlling approximately $291.

Orders issued under Bank Merger Act

The Federal Reserve Board approved on February 28, 2005, the Federal Reserve Banks' proposal to stop providing services to depository institutions for the collection and processing of definitive municipal securities.

Proposal to discontinue services for definitive municipal securities

IndyMac) (NYSE:NDE) today announced that, in connection with its recently announced plans to convert from a real estate investment trust (REIT) to a taxable growth-oriented depository institution, it has signed a definitive agreement to acquire SGV Bancorp (Nasdaq:SGVB), the holding company for First Federal Savings and Loan Association of San Gabriel Valley.

Indymac Announces Agreement to Acquire SGV Bancorp; Executing Strategic Plan to Become Full-Service Consumer Banker

A fourth rating, Depository Institution (D), mirrors the primary regulator's assessment of the subsidiary depository institutions.

Revised bank holding company rating system

As provided in the CRA, the Board has evaluated the convenience and needs factor in light of examination by the appropriate federal supervisor of the CRA performance record of the relevant insured depository institution.

Orders issued under Bank Holding Company Act

The Federal Reserve Board on Thursday announced the annual indexing of two amounts used in determining reserve requirements of depository institutions.

United States : Federal Reserve Board announces annual indexing of reserve requirement exemption amount and of low reserve tranche for 2017

BANKING AND CREDIT NEWS-October 7, 2015-Federal Reserve Board names new member to National Community Depository Institutions Advisory Council

Federal Reserve Board names new member to National Community Depository Institutions Advisory Council