Common use of Interest Bearing Call or Time Deposits Clause in Contracts

Interest Bearing Call or Time Deposits. To place interest bearing fixed term and call deposits with such banks and in such amounts as the Custodian or a Fund may authorize pursuant to proper instructions. Such deposits may be placed with the

Interest Bearing Call or Time Deposits. To place interest bearing fixed term and call deposits with such banks and in such amounts as the Custodian or a Fund may authorize pursuant to proper instructions. Such deposits may be placed with thethe of the Subcustodian for funds accepted on the Subcustodian's books as a deposit shall be that of a U. S. bank for a similar deposit.