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A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest.
A depository bank (U.S. usage) or depositary bank (predominantly EU usage) is a specialist financial entity which, depending on jurisdiction, facilitates investment in securities markets. Depository banks in the United States
Under federal law, however, a "depository institution" is limited to banks and savings associations - credit unions are not included [1] (debatable). [2] An example of a non-depository institution might be a mortgage bank. While licensed to lend, they cannot accept deposits. [3]
For example, if a bank in the United States makes a loan to a customer by depositing the loan proceeds in that customer's checking account, the bank typically records this event by debiting an asset account on the bank's books (called loans receivable or some similar name) and credits the deposit liability or checking account of the customer on ...
The Economic Institutions of Capitalism is a book by Oliver E. Williamson. For Williamson, transaction cost includes the cost incurred in contracting. The book explains principles of transaction cost economics, and applies the transaction cost to theory of institutions. The book explains bounded rationality and opportunism.
Shadow banking institutions are typically intermediaries between investors and borrowers. For example, an institutional investor like a pension fund may be willing to lend money, while a corporation may be searching for funds to borrow. The shadow banking institution will channel funds from the investor(s) to the corporation, profiting either ...
Non-bank financial systems facilitate financial services like investment, risk pooling, and market brokering. They generally do not have full banking licenses. [6] Non-bank financial system include: [7] Finance and loan companies
The number of non-banking financial companies has expanded greatly in the last several years as venture capital companies, retail and industrial companies have entered the lending business. Non-bank institutions also frequently support investments in property and prepare feasibility, market or industry studies for companies.