Depository institution

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]

References

^ 12 U.S.C. 1813©.
^ "Journey of Circulation". Retrieved 2024-08-29.
^ "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.

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[1] 12 U.S.C. 1813©.

[2] "Journey of Circulation". Retrieved 2024-08-29.

[3] "nondepository financial institution". TheFreeDictionary.com. 2014. Retrieved 2014-07-28.

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2nd Industrial Revolution (1870–1914)	Legal Tender Cases Hepburn v. Griswold (1870) Currency Act of 1870 National Gold Bank Note (1870–1875) Knox v. Lee (1871) Coinage Act of 1873 Free silver Specie Payment Resumption Act (1875) Twenty-cent piece (1875–1878) Bland–Allison Act (1878) Silver certificate (1878–1964) Refunding Certificate (1879–1907) Juilliard v. Greenman (1884) Sherman Silver Purchase Act (1890) Treasury Note (1890–1891) Gold Standard Act (1900) Aldrich–Vreeland Act (1908) National Monetary Commission (1909–1912) Federal Reserve Act (1913)

See also

References