Funding Deposit Account definition

Funding Deposit Account. The non-interest bearing funding deposit account established and maintained by the Funding Deposit Account Bank, which includes any distinct subaccounts thereof, if applicable, bearing ABA Number: [***]; Acct. Name: [***]; Account Number: [***]; FFC: [***].

Funding Deposit Account. The non-interest bearing funding deposit account established and maintained by the Buyer.

Funding Deposit Account means the non-interest bearing funding deposit account established and maintained by Xxxxx Fargo Bank, N.A., which includes any distinct subaccounts thereof, if applicable, bearing account number 0000000000, for further credit to 49140102, Corporate Trust Clearing.

Examples of Funding Deposit Account in a sentence

• The Funding Deposit Account consists of excess contribution collected by the System.

• Any excess funds resulting from the additional contributions will be credited to the Funding Deposit Account defined in R.S. 11:107.1.

• Mr. Curran discussed the Funding Deposit Account which was created by the legislature for a number of statewide systems.

• He stated that Board can use the balance in the Funding Deposit Account to offset increases in employer contributions in the future, to reduce the employer contribution rate in a particular year, to reduce the system’s unfunded liability, or to fund COLA increases.

• The Funding Deposit Account was created by state law and consists of excess contributions collected by the System.

• Funding Deposit Account Credit Balance ..........................................................$ 9,346,5753.

• For fiscal 2019, there were no excess interest earnings and no available funds in the Funding Deposit Account; hence, no COLA may be granted at this time.

• The majority of these 503 million products were expressive works such as books, music CDs and DVDs.4 4.

• Funding Deposit Account: (Continued) Trustees at the June 20, 2017 meeting, funds were withdrawn from the Funding Deposit Account, for Plan A and Plan B, in order to fund a COLA for retirees age 62 and older effective January 1, 2018.

• Funding Deposit Account Credit Balance ..........................................................$ 10,695,8933.

More Definitions of Funding Deposit Account

Funding Deposit Account. The non-interest bearing funding deposit account established and maintained by Xxxxx Fargo Bank, N.A., which includes any distinct subaccounts thereof, if applicable, bearing ABA Number: [***]; Acct. Name: MPS Disbursement Agent; Account Number: [***]; FFC: [***].

Funding Deposit Account means the non-interest bearing funding deposit account established and maintained by Wells Fargo Bank, N.A., which includes any distinct subaccounts thereof, if applicable, bearing account number 3970771416, for further credit to 49140102, Corporate Trust Clearing.