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Depository institution |
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Depository institutionA financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks and credit unions. Although historically they have broadened their powers in recent years. For example, NOW accounts, credit union share drafts and other services similar to checking accounts may be offered by thrift institutions.Depository institution Similar MatchesThrift Institution Advisory Council (TIAC)Thrift Institution Advisory Council (TIAC)A council, established following the passage of the Monetary Control Act of 1980, whose purpose is to provide information and views on the special needs and problems of thrifts. The group is comprised of representatives of savings banks, savings and loan associations, and credit unions. Thrift institutionThrift institutionAn organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions. Institutional brokerInstitutional brokerA broker who buys and sells securities for institutional investors such as banks, and mutual funds, pensions. InstitutionInstitutionAn organization, probably very large, engaged in professional investing in securities. Normally a bank, insurance company, or mutual fund. Foreign official institutionsForeign official institutionsCentral governments of foreign countries, including all departments and agencies of national governments; central banks, exchange authorities, and all fiscal agents of foreign national governments that undertake activities similar to those of a treasury, central bank, or stabilization fund; diplomatic and consular establishments of foreign national governments; and any international or regional organization, including subordinate and affiliate agencies, created by treaty or convention between sovereign states. Further SuggestionsFinancial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA)thrift institution Depository Institutions Deregulation and Monetary Control Act Institutional Lenders institutional investor Financial institution buyer credit policy Instinet (Institutional Networks Corporation) Financial institution financial institution International financial institution |
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