11. Companies are taking deposits for future delivery. 12. Congress had designed it after World War II to focus on taking deposits and providing home mortgages to bring the dream of home ownership to more Americans. 13. For years, First Union simply took deposits and lent money to corporations and consumers. 14. He has taken deposits on a third of the units already, he said. 15. Housing lenders differ from real banks in that they do not take deposits. 16. However well the payment systems work, home banking programs still cannot deliver cash or take deposits. 17. It plans to become a so-called universal bank, which has the power to underwrite securities and trade foreign exchange, as well as take deposits. 18. Like all major U.S. commercial banks, KeyCorp wants to expand its securities business, letting them sell stocks and bonds in addition to lending money and taking deposits. 19. Nonbanks take no deposits and borrow from other financial institutions to lend to others. 20. Nonbanks are financial companies that take no deposits but lend money borrowed elsewhere such as from banks. |