Deposits total $6.3 trillion, but the majority, $4.9 trillion worth, is in time and savings deposits, largely held for retirement by financially conservative people.
Williamson then wrote league officials a postdated check for $6,600, but asked that the check be held for two months so he could deposit enough money to cover it, Stuart said.
An article on Page 34 this weekend about Carl Jung and a book he wrote about struggling with his own demons misspells the name of a street in Zurich where, before it was published, the book was held for years in a bank safe-deposit box, and a correction in this space on Saturday also misspelled the name.
In his Chicago Tribune obituary, Morton G. Neumann (1898-1985), is described as a "local cosmetics manufacturer who assembled one of the finest collections of 20th century art in the world". Held on deposit at the National Gallery of Art for a brief time, the Neumann collection was eventually sold to pay the family's tax bill.
A professional deposit banker (argentarius, coactor argentarius, or later nummularius) received and held deposits for a fixed or indefinite term, and lent money to third parties.
In the beginning, the banking division gave loans to and held deposits for members only, but soon expanded its services to operate much like a bank.
Every little acrylic cubby that used to hold deposit slips and deposit envelopes was empty.
At the least, banks that use the new electronic procedures should adopt a no-hold policy for deposits by customers with problem-free accounts.
This is because the average holding period for deposits may be reduced, making it more expensive to administer the plans.
"Most firms were in administration and buyers were at the bottom of the list of creditors," said Cuervo, adding that the difference now is that the banks that held buyers' deposits may be liable for their loss, he said.
