HALLE STEPHENS
Depository and non Depository
Nondespository intermediaries: are those that do not take or hold deposits they earn their money selling specific services and or policies .
An example of non- despository is a privae company, insurance companies, currency exchanges, and loan companies
Mutual saving banks : are similar savings and loan associations.They receive deposits primarily from individuals and concerntrate also on private real- state mortagages
Depository institutions:
- Always gets there stuff mainly through deposits
- They also, obtain them from the public
lesson 1.4
halle stephens
some examples : abel deposits, in new york
.The bread and butter of there business are deposits and they get there things from consumers
some examples: is a commercial bank
saving and loan associates, mutual saving banks, and credit unions
The different between commerical banks and other depository institutions is that commercial banks are owned by stock holders, who except a profit on their investments.
Insurance company have cash values that can be redeemed at any time,
and some policies let consumers remove cash gradually.Insurance companies
do not typically make loans, although the cash value of a policy may be used to
secure a loan.
examples : state farm , and all state is a insurance company
Credit Unions are owned by depositors, but there are a couple of differences .1st users of credit union have to be members
some examples:canada credit unions, and the world's
southwire credit unions