Depository financial institution definition

Depository financial institution means a bank, savings and loan association, savings bank, or credit union organized under the laws of this state, another state, the District of Columbia, the United States, or a territory or protectorate of the United States, whose deposits are insured by an agency of the federal government.
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Depository financial institution means a state or nationally chartered bank, a state or federally chartered savings and loan association, savings bank, or credit union, or an entity of the federally chartered farm credit system.
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Depository financial institution means a state or nationally chartered bank, state or federal chartered savings and loan association, savings bank, or credit union, or any other institution whose deposits are insured by an agency of the federal government.
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Examples of Depository financial institution in a sentence

  • All funds held by the bankruptcy estate must be deposited into an account with an Approved Depository financial institution that agrees to comply with the requirements of the United States Trustee and is so designated by the United States Trustee.

  • See General Information for an explanation of the term “transaction account.” Item 50 -- Depository financial institution IBAN (International Bank Account Number, if foreign).

  • No additional setup fees or software fees will be charged if the Depository financial institution is merged or is acquired by another financial institution.

  • Depository financial institution a new authorization agreement must provide that my authorized direct deposit credit.

  • Depository financial institution is defined as any financial institution which accepts deposits and which can insure such deposits through an agency of the Federal government.

  • Bidder must be a financial institution qualified by the laws of the State of Texas for public funds depositories to serve as the City's Depository financial institution.

  • Depository financial institution of Islamic Republic of Pakistan (SBP) report recorded 23.3 percent year on year enlargement in deposits of Islamic industry to RS.1, 070 trillion in 2014.

  • Depository financial institution to afford company deposits to federal tax deductions, zip code bank routing number: written debit my not apply for.

  • Primary account number 50 Depository financial institution IBAN (If foreign)51 Address52 City53 State54 ZIP/Postal Code55 Country code Part VI U.S. Location of Supporting Documentation/Address of Agent for Service of ProcessIf the supporting documentation is kept at the U.S. location reported in Part II check here and continue to Part VII.

  • Depository financial institution to obtain proper office will typically follow the checklist items on it can be mailed to attach a quarterly basis.


More Definitions of Depository financial institution

Depository financial institution means a bank or a savings and loan association.
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Depository financial institution means a bank, savings association, or credit unionthat:
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Depository financial institution means that term as
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Related to Depository financial institution

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Financial institution means a Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company.

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Reporting Financial Institution means any Member State Financial Institution or San Marino Financial Institution, as the context requires, that is not a Non-Reporting Financial Institution.

  • Participating Financial Institution means a financial institution participating in Interac e-Transfer Services, Online Payment Services, or Western Union Services, as the case may be.

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.

  • Custodial Institution means any Entity that holds, as a substantial portion of its business, financial assets for the account of others. An entity holds financial assets for the account of others as a substantial portion of its business if the entity’s gross income attributable to the holding of financial assets and related financial services equals or exceeds 20 percent of the entity’s gross income during the shorter of: (i) the three-year period that ends on December 31 (or the final day of a non-calendar year accounting period) prior to the year in which the determination is being made; or (ii) the period during which the entity has been in existence.

  • Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;

  • Non-Reporting Financial Institution means any Financial Institution that is:

  • Eligible Institution Any of the following:

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Licensed financial institution means a financial institution issued a license under this act.

  • Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.

  • Insured Depository Institution Insured Depository Institution shall have the meaning ascribed to such term by Section 1813(c)(2) of Title 12 of the United States Code, as amended from time to time.

  • regulated financial institution means a state or nationally chartered bank, savings and loan association or savings bank, credit union, trust company, or other state or federally chartered lending institution or a regulated affiliate or regulated subsidiary of any of these entities.