Sentences with phrase «used by depository institutions»

The TDF is similar to a normal money - market account, except that it is provided by the Fed and can only be used by depository institutions.

Not exact matches

Last year, the member - owned network of banks and other financial institutions revealed a successful proof - of - concept aimed at reimagining the nostro - vostro accounts used by companies to store cash around the world, and in January, it signed an agreement with seven central securities depositories to evolve the way the centralized organizations might leverage blockchain.

Your lender can send a Verification of Deposit (VOD) form to every depository institution you use, or you can provide copies of statements (certified by the bank).

4 The average national checking account interest rate is calculated as of 4/30/2018 based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available.

Because of restrictions on interest rates, savers who used traditional banks and other types of depository institutions were penalized by being denied a market rate of interest for their funds.

Your lender can send a Verification of Deposit (VOD) form to every depository institution you use, or you can provide copies of statements (certified by the bank).

The Registered Mortgage Professional designation is used by Mortgage Loan Originators who are an employee of a depository institution (including credit union) regulated by a federal banking agency (OCC, OTS, FDIC, FRB, NCUA), a subsidiary owned and controlled by a depository institution and regulated by a federal banking agency, or an institution regulated by the Farm Credit Administration.