Depository bank
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Banking A series on financial services |
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Types of banks Central bank Advising bank · Commercial bank Community development bank Cooperative bank · Credit union Custodian bank · Depository bank Export credit agency Investment bank · Industrial bank Merchant bank · Mutual savings bank National bank · Offshore bank Postal savings system Private bank · Public bank · Retail Bank Savings and loan association Savings bank · Universal bank more... |
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Bank cards |
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Funds transfer Electronic funds transfer Wire transfer · Cheque · SWIFT Automated Clearing House Electronic bill payment · Giro |
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Banking terms Loan · Money creation Fractional reserve banking Automatic teller machine Bank regulation · Anonymous banking Islamic banking · Private banking Ethical banking |
A depository bank (U.S. usage) is a bank organized in the United States which provides all the stock transfer and agency services in connection with a depositary receipt program. This function includes arranging for a custodian to accept deposits of ordinary shares, issuing the negotiable receipts which back up the shares, maintaining the register of holders to reflect all transfers and exchanges, and distributing dividends in U.S. dollars.
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