The Act authorizes depository
customer precious metals accounts "in which the depository
, upon instructions of a customer, exchanges cash for a commensurately valued amount of platinum, palladium, gold, or silver bullion procured by the depository
for the primary purpose of safekeeping over an extended period of time."(96) The Legislature linked this provision to Montana's own status as a major U.S.
The agreements required under the operating rules exist between the company initiating the payment instructions (originator) and its originating depository
financial institution; the originating depository
financial institution and the originating gateway operator, which is the exit point from the national system; and the originating gateway operator and the receiving gateway operator, which is the entry point to the receiving country's national payments system.
* Allowing insured depository
institutions to affiliate only with firms that were well capitalized and well managed and had internal controls that adequately managed financial and operational risk, and only if the institutions' safety and soundness were unimpaired.
In addition, the company has declared a dividend of USD414.06 per share (equivalent to USD0.41406 per depository
share) on its 6.625 percent series G non-cumulative preferred stock; a dividend of USD681.25 per share (equivalent to USD27.25000 per depository
share) on its series H fixed-to-floating rate non-cumulative preferred stock; a dividend of USD398.44 per share (equivalent to USD0.39844 per depository
share) on its series I fixed-to-floating rate non-cumulative preferred stock; a dividend of USD693.75 per share (equivalent to USD27.75000 per depository
share) on its series J fixed-to-floating rate non-cumulative preferred stock and a dividend of USD365.63 per share (equivalent to USD0.36563 per depository
share) on its series K fixed-to-floating rate non-cumulative preferred stock.
Woori Bank has been the depository
for the city's budgets for 103 years, even during the 1910-45 Japanese occupation, but the city said the depository
contract with the bank is scheduled to expire by the end of this year and has recently decided it will designate two banks in which it will deposit its money.
Comptroller Glenn Hegar announced at a news conference at the Capitol that his office had selected Austin-based Lone Star Tangible Assets as the private vendor tasked with building and operating the Texas Bullion Depository
In a statement, the PDS group said the existing market architecture, a reference to the depository
platform for both bonds and equities provided by the Philippine Depository
& Trust Corp.
Each year, the award is given to one of about 1,250 federal depository
libraries--which provide local, no-fee access to government information in an impartial environment with professional assistance--that displays outstanding service, creativity and innovation, and leadership.
The precious metals depository
will provide a central, secure storage facility for traders, institutional investors, gold producers and refineries, and serve as a physical settlement platform for bullion trades in local and Asian markets, the authority's statement said.
The annual indexing of the low reserve tranche and the reserve requirement exemption amount is based on growth in net transaction accounts and total reservable liabilities, respectively, at all depository
institutions between June 30, 2004, and June 30, 2005.
31.6302-1(h) prescribes rules for implementing an EFT system for the collection of depository
"Commanding the most attention during the past year," said Hove, "was the derivative activity of depository
system, with its network of bank and broker participants, effectively provides for all of these functions to be performed at no cost whatsoever to the issuer.