financial institution

(redirected from Depository institutions)
Also found in: Thesaurus, Financial.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.financial institution - an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets
institution, establishment - an organization founded and united for a specific purpose
giro - a British financial system in which a bank or a post office transfers money from one account to another when they receive authorization to do so
clearing house - a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted
lending institution - a financial institution that makes loans
central bank - a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government
foundation - an institution supported by an endowment
acquirer - the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card
nondepository financial institution - a financial institution that funds their investment activities from the sale of securities or insurance
banking company, banking concern, depository financial institution, bank - a financial institution that accepts deposits and channels the money into lending activities; "he cashed a check at the bank"; "that bank holds the mortgage on my home"
Federal Home Loan Bank System - the central credit system for thrift institutions
trust company, trust corporation - an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services
References in periodicals archive ?
Federal banking agencies issued interim final rules to expand the number of insured depository institutions and U.S.
It suggested Congress consolidate federal agencies over depository institutions.
BANKING AND CREDIT NEWS-October 7, 2015-Federal Reserve Board names new member to National Community Depository Institutions Advisory Council
M2 EQUITYBITES-October 7, 2015-Federal Reserve Board names new member to National Community Depository Institutions Advisory Council
(i) promote and enhance the safety and soundness of depository institutions and the affiliates of depository institutions;
On November 17, 2009, the Federal Reserve Bank decided to reduce the maximum maturity of primary credit loans at the discount window for depository institutions to 28 days from 90 days effective January 14, 2010.
Passage of the 1994 Reigle-Neal Act, which regulates interstate banking, has spurred the consolidation of depository institutions. The number of FDIC-insured commercial banks fell from 10,166 in the middle of 1995 to 7,350 in the middle of 2007, a decline of more than 27 percent.
The Federal Reserve Board announced the approval of policy changes that seek to reduce the overuse of Federal Reserve Bank cash-processing services by providing incentives for depository institutions to recirculate currency among their customers.
Appendix A provides a routing symbol guide that helps depository institutions determine the maximum permissible hold periods for most deposited checks.
The FDIC has also issued guidance to insured depository institutions about selected provisions of the Sarbanes-Oxley Act related to corporate governance, audits and reporting requirements.
Kohn stated that the Board supports the act, which would eliminate the prohibition of interest on demand deposits, authorize the Federal Reserve to pay interest on balances held by depository institutions at Reserve Banks, and provide the Board with increased flexibility in setting reserve requirements.

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