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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References in periodicals archive ?
Stephens' US Depository Group has advised bank clients on more than 117 M&A and capital markets transactions totalling more than USD17.4bn in aggregate deal value since 2015.
M2 EQUITYBITES-July 5, 2019--Stephens strengthens US Depository Group
Which Kentucky military base is the site of the US Depository which contains gold reserves?
The regulations allowed all financial transactions "ordinarily incident" to activities in the petroleum and petrochemical industries in the RSS, even if the transaction involved a northern Sudanese bank, so long as any transaction between a US depository institution and one owned or controlled by Khartoum passed through a non-Sudanese bank.
"US persons, including foreign branches of US depository institutions and trading companies, are prohibited from engaging in any transactions, including purchase, sale, transportation, swap, financing, or brokering transactions related to goods or services of Iranian origin or goods or services owned or controlled by the government of Iran," reads an overview of the sanctions posted on the US treasury website.
Traders said the news was having limited impact on the euro, and some in the market were skeptical about whether Tehran would be able to buy significant amounts of dollars, given that US depository institutions are banned from processing transfers involving the country.
Its purchase of WaMu, which had about 188 billion dollars in deposits, creates the largest US depository institution with more than 900 billion dollars in customer deposits, JPMorgan Chase said.
The purchase of Washington Mutual which had about $188bn in deposits, creates the largest US depository institution with more than $900bn in customer deposits, JPMorgan Chase said.
Early yesterday the US Depository Trust and Clearing Corporation, which clears almost all US equity trades, announced that all Monday's share deals had been settled.
The merger deal will create a dual-listed company with shares quoted on both the UK and the Australian stock markets, secondary listing on the Johannesburg Stock Exchange and a US Depository Receipt listing on the New York Stock Exchange.
MagnifyMoney.com recognized PenFed as one of the credit unions going the extra mile to provide the level of service and convenience that US depository customers have come to expect.