Depository Institution. The term ‘‘de- pository institution’’ has the same meaning as in section 3 of the Federal Deposit Insurance Act.
Depository Institution. “Depository institution” has the meaning set forth in §1.1471-1(b)(30).
Depository Institution an Entity that accepts deposits in the ordinary course of a banking or similar business.
Depository Institution. “Depository institution” means an entity described in §1.1471-5(e)(1)(i).
Depository Institution. Merchant authorizes its depository institution to grant Elavon and/or Member access to any and all information or records regarding the DDA. You hereby release Elavon and Member for any action they take against the DDA or Reserve Account pursuant to the Agreement.
Depository Institution. The Company, if the Company is a depository institution, has complied with the requirements of 12 U.S.C. Section 1823(e), as amended from time to time, in connection with the authorization, execution, delivery, and retention of this Agreement and any commitment or loan document required to be issued or entered into by the Company under or in connection with this Agreement.
Depository Institution. This is the DI who has a funds account at a Federal Reserve Bank and a book-entry securities account on the National Book Entry System (NBES) to which securities will be delivered against payment on settlement day. TREASURY: This is the U.S. Department of the Treasury. BUREAU of the FISCAL SERVICE: This is the Wholesale Securities Services within the Bureau of the Fiscal Service, U.S. Department of the Treasury. BANK: This is the Federal Reserve Bank of New York, which acts as the fiscal agent of the U.S. Department of the Treasury. SIGNATURE FOR DI: This is the signature of an officer of the DI having authority to enter into or terminate this autocharge agreement.
Depository Institution. The term U.S. depository institution means any entity (including its foreign branches) organized under the laws of the United States or any jurisdiction within the United States, or any agen- cy, office, or branch located in the United States of a foreign entity, that is engaged primarily in the business of banking (for example, banks, savings banks, savings associations, credit unions, trust companies, and United States bank holding companies) and is subject to regulation by federal or state banking authorities. § 542.321 U.S. financial institution. The term U.S. financial institution means any U.S. entity (including its foreign branches) that is engaged in the business of accepting deposits, making, granting, transferring, hold- ing, or brokering a loan or other exten- sion of credit, or purchasing or selling foreign exchange, securities, com- modity futures or options, or procuring purchasers and sellers thereof, as prin- cipal or agent. It includes but is not limited to depository institutions, banks, savings banks, trust companies, securities brokers and dealers, com- modity futures and options brokers and dealers, forward contract and foreign exchange merchants, securities and commodities exchanges, clearing cor- porations, investment companies, em- ployee benefit plans, and U.S. holding companies, U.S. affiliates, or U.S. sub- sidiaries of any of the foregoing. This term includes those branches, offices, and agencies of foreign financial insti- tutions that are located in the United States, but not such institutions’ for- eign branches, offices, or agencies. § 542.322 U.S. registered broker or dealer in securities. The term U.S. registered broker or dealer in securities means any U.S. cit- izen, permanent resident alien, or enti- ty organized under the laws of the United States or of any jurisdiction within the United States (including its foreign branches), or any agency, of- fice, or branch of a foreign entity lo- cated in the United States, that:
Depository Institution. A Depository Institution is an institution that accepts deposits in the ordinary course of a banking or similar business and regularly engaged in one or more of the following activities: • Provision of credit through personal, mortgage, industrial or other loans or other extensions of credit; • Purchases, sells, discounts or negotiates of accounts receivable, instalment obligations, notes, drafts, cheques, bills of exchange, acceptances, or other evidence of indebtedness; • Issues letters of credit and negotiates drafts drawn thereunder; • Provides trust or fiduciary services; • Finances foreign exchange transactions; or • Enters into, purchases, or disposes of finance leases or leased assets. This will include all entities licensed under the Qatar Central Bank provided they also undertake one of the activities listed above. This is not an exhaustive list and whether or not an entity is a Depository Institution will depend on the actual activities that the entity carries out. The following would not be expected to fall within the definition of depository institution: • Insurance brokers; • Attorneys at law; • Factoring or invoice discounting businesses; • Entities that complete money transfers by instructing agents to transmit funds; • Entities that solely provide asset based finance services or that accept deposits solely from persons as collateral or security pursuant to; a sale or lease of property; a loan secured by property; or similar financing arrangements, between that entity and the person making the deposit. Entities that issue payment cards that can be pre-loaded with funds in excess of $50,000 to be spent at a later date, such as a pre-paid credit card or “e-money” will also be considered to be Depository Institutions for the purposes of the Agreement unless such entities qualify as Qualified Credit Card Issuers (Section 15.A.11.5). Example - An entity regulated and licensed by QCB to offer retail and wholesale banking services to Qatari resident and non-Qatari resident individuals and entities is likely to be considered a Depository Institution due to the fact that it accepts deposits from customers in the ordinary course of a banking or similar business.
Depository Institution. The term ‘‘depository insti- tution’’ means—
