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.
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ADRs are negotiable certificates issued by a United States Depository bank, such as Bank of New York or Citibank, which represent shares of non-U.

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