Depository institution

A depository institution is a non-banking financial institution (NBFI), also known as a nondepository financial institution (NDFI).^[1] It is a financial institution in the United States (such as a savings bank, commercial bank, savings and loan associations, or credit unions) that is legally allowed to accept monetary deposits from consumers. Under federal law, however, a "depository institution" is limited to banks and savings associations - credit unions are not included.^[2]^[3]^[why?]

An example of a non-depository institution might be a mortgage bank, which, while licensed to lend, it cannot accept deposits.^[4]

References

↑ Valladares, Mayra Rodriguez. "Shadow Banking's $1.47 Trillion Takeover Of U.S. Bank Lending". Forbes. Retrieved 2026-08-09.
↑ 12 U.S.C. 1813©.
↑ "Journey of Circulation". Retrieved 2024-08-29.
↑ "nondepository financial institution". TheFreeDictionary.com. 2014. Retrieved 2014-07-28.

Ruben D Cohen (2004) “The Optimal Capital Structure of Depository Institutions”, Wilmott Magazine, March issue.

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[1] Valladares, Mayra Rodriguez. "Shadow Banking's $1.47 Trillion Takeover Of U.S. Bank Lending". Forbes. Retrieved 2026-08-09.

[2] 12 U.S.C. 1813©.

[3] "Journey of Circulation". Retrieved 2024-08-29.

[4] "nondepository financial institution". TheFreeDictionary.com. 2014. Retrieved 2014-07-28.

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See also

References