U.S. Depository

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U.S. Depository

An organization in the United States, 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. U.S. depositories are regulated by federal and state law.
References in periodicals archive ?
With DiLascia's involvement, since 2007 KBW assisted financial institutions in raising more than $170 billion, with $20 billion in a book-runner / lead-manager capacity, mostly for US Depositories.
5 billion in overdraft revenue for US depositories," said Moebs.