Depository institution
From Wikipedia, the free encyclopedia
(Redirected from Depository institutions)
Page Module:Message box/ambox.css has no content.
 | The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. (December 2010) |
Colloquially, a depository institution is a financial institution in the United States (such as a savings bank, commercial bank, savings and loan associations, or credit unions) that is legally allowed to accept monetary deposits from consumers. Under federal law, however, a "depository institution" is limited to banks and savings associations - credit unions are not included[1] (debatable). [2]
An example of a non-depository institution might be a mortgage bank. While licensed to lend, they cannot accept deposits.[3]
See also
References
Page Template:Reflist/styles.css has no content.
- ^ 12 U.S.C. 1813©.
- ^ Page Module:Citation/CS1/styles.css has no content."Journey of Circulation". Retrieved 2024-08-29.
- ^ Page Module:Citation/CS1/styles.css has no content."nondepository financial institution". TheFreeDictionary.com. 2014. Retrieved 2014-07-28.
- Ruben D Cohen (2004) “The Optimal Capital Structure of Depository Institutions”, Wilmott Magazine, March issue.
Template:Means of Exchange Template:Money and central banking within the contemporary United States (pre–1913)
