The expanding market for instruments that settle in federal funds has brought demands for the creation of depository
services to support these instruments.
The bullion depository
is designed to be more than a Texas version of Fort Knox.
The agencies will continue to closely monitor the situations and needs of insured depository
institutions and their 'customers and will provide additional guidance, as required, to help address those needs.
1, 1995, all taxpayers were required to convey depository
taxes through the use of a coupon and a deposit made with a qualified financial institution.
2 billion, which represent less than 1 percent of the total amount of deposits of insured depository
institutions in the United States.
31, 1994, a taxpayer would be required to begin EFTS when its aggregate deposits of depository
taxes during a "determination period" exceed a threshold amount.
Citizens Bank is the largest depository
institution in the market, controlling approximately $291.
institutions may offer overdraft protection programs to transaction account customers as an alternative to traditional ways of covering overdrafts.
The revised system more closely aligns the Federal Reserve's rating process with the focus of its current supervisory practices by placing an increased emphasis on risk management, providing a more flexible and comprehensive framework for evaluating financial condition, and requiring an explicit determination of the likelihood that the nondepository entities of a BHC will have a significant negative effect on the depository