bank deposit

…program intended to protect bank deposit holders from losses that could occur in the event of a bank failure. Although bank deposit insurance is primarily viewed as a means of protecting individual (and especially small) bank depositors, its more subtle purpose is one of protecting entire national banking and payments…

In every case deposit banking at first involved little more than the receipt of coins for safekeeping or warehousing, for which service depositors were required to pay a fee. By early modern times this warehousing function had given way in most cases to genuine intermediation, with deposits becoming…

In addition to currency, bank deposits are counted as part of the money holdings of the public. In the 19th century most economists regarded only currency and coin, including gold and other metals, as “money.” They treated deposits as claims to money. As…

…market, are in fact mainly deposit balances that these commercial banks have on the books of the central bank or notes issued by the central bank, which the commercial banks keep in their own vaults. As the central bank acquires additional assets, it pays for them by crediting depositors’ accounts…