bank account, savings account, checking account, money market account, NOW account, time deposit, deposit, demand deposit, super NOW account; certificate of deposit, CD.

He had amassed a considerable quantity of gold and silver plate, which was for some time deposited in his bed-room at his parsonage house, Hatton.

The arms of Mars, at that time deposited at his house by virtue of his position as high priest and by ancestral custom, made a great noise at night, and the doors of the chamber where he slept opened of their own accord.

And to this promise he adhered, so that it was near the middle of the afternoon of the fifth day that the last change was made, and they took the train that would in two hours' time deposit them at Olney.

The bank may then sell its credit in any one or in all of the following five ways: (1) by receiving time deposits; (2) by receiving demand deposits; (3) by the method of discount and deposit; (4) by selling exchange of funds to distant points; (5) by issuing bank notes. § 4. #Time deposits.

The bank may then sell its credit in any one or in all of the following five ways: (1) by receiving time deposits; (2) by receiving demand deposits; (3) by the method of discount and deposit; (4) by selling exchange of funds to distant points; (5) by issuing bank notes. § 4. #Time deposits.

# Time deposits are funds to the credit of customers which, by agreement, are to be left for some specified minimum time or on condition that the bank may require notice in advance of the depositor's intention to withdraw them.

These are reasons why banks can and usually do pay interest on time deposits (at from 2 to 4 per cent), as until more recently they rarely did on demand deposits.

From the standpoint of the depositor a time deposit is, by its very nature, an investment and not a demand credit available for current monetary uses.

Only that portion of a person's capital that for some more or less considerable period is not likely to be needed for other purposes ought to be put into time deposits.

Receiving time deposits is the one essential function of savings banks, but this function is increasingly performed by other banks.

Sometimes time deposits are cared for by a separate department and kept separate from the general business of a commercial bank. § 5.

This is least true of time deposits, for the motive of the depositor in such cases is usually to invest his funds for a time rather than to keep them available as money.

The safety and convenience of time deposits, combined with the reward of a small rate of interest, cause great sums, in the aggregate, to be deposited as temporary savings, which otherwise would be hoarded in the form of money and thus withdrawn from circulation.

In all such cases the time deposit is serving both as an investment and as a monetary fund for future use.

In countries where banks are little known, the amount of actual money hoarded is therefore vastly greater than it is in the United States where there are $5,000,000,000 of individual deposits in regular savings banks, besides large sums in time deposits in commercial banks.

[Footnote 5: The Federal Reserve Act of 1913 has given encouragement to this practice by reducing to 5 per cent the reserve required to be kept against time deposits.

150,000,000 Nearly all these were doubtless demand deposits (what proportion were time deposits we have no data for determining), and were available as immediate purchasing power for the depositors.

Time deposits are defined as those payable after thirty days or subject to not less than thirty days' notice; and demand deposits as those payable within thirty days.

In every case the reserve requirement against time deposits is only 5 per cent.

One with a capital and surplus of $1,000,000 may with the approval of the Board establish foreign branches, and one not situated in a central reserve city may loan on farm lands for a term not longer than five years, but not to exceed one third of its time deposits or 25 per cent of its capital and surplus.

If the sum is small or if the owner is at all uncertain as to his plans or if he is not in a position to find another attractive form of investment, the offer by the bank of a small rate of interest on special time deposits (2 to 3 per cent is not an unusual rate in such cases) will suffice to cause him to leave such funds in the bank.

If the new 5 per cent rule as to reserves against time deposits operates to cause commercial banks generally to pay a rate ranging from 2-1/2 to 3-1/2 per cent on time deposits, their amount will doubtless increase greatly.

Time deposits can be more safely loaned on the security of real estate and for longer periods.

7 on time deposits, and sec.