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.
Associated operates the 42nd largest depository institution in the market, controlling deposits of $484.
5 and SEC guidance and acceptable to examiners have been developed by many depository institutions.
Citizens Bank is the largest depository institution in the market, controlling approximately $291.
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.
A fourth rating, Depository Institution (D), mirrors the primary regulator's assessment of the subsidiary depository institutions.
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.
The Federal Reserve Board on Thursday announced the annual indexing of two amounts used in determining reserve requirements of depository institutions.
BANKING AND CREDIT NEWS-October 7, 2015-Federal Reserve Board names new member to National Community Depository Institutions Advisory Council

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