BROWSE

Safekeeping

What is 'Safekeeping'

Safekeeping is the storage of assets or other items of value in a protected area.

Individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm. Financial institutions are custodians and are therefore legally responsible for the items in safekeeping.

Also known as "safekeep".

Explaining 'Safekeeping'

Individuals who place an asset in safekeeping are also issued a safekeeping receipt. These receipts indicate that the asset of the individual does not become an asset of the institution and that the asset may be returned to the individual upon request. A fee may be required for these services.


Further Reading


Safe banking: Finance and democracy
www.jstor.org [PDF]
… Functio through Pure Reserve Banking would have benefits for both safekeeping and lending … us of finance and democracy, the Article also contributes to the economic and legal … 100% reserve- banking proposal during the Great Depression.6 The economics literature, however …

Historical perspectives on financial development and economic growthHistorical perspectives on financial development and economic growth
www.nber.org [PDF]
… Functio through Pure Reserve Banking would have benefits for both safekeeping and lending … us of finance and democracy, the Article also contributes to the economic and legal … 100% reserve- banking proposal during the Great Depression.6 The economics literature, however …

The law and economics of hedge funds: Financial innovation and investor protectionThe law and economics of hedge funds: Financial innovation and investor protection
heinonline.org [PDF]
… Functio through Pure Reserve Banking would have benefits for both safekeeping and lending … us of finance and democracy, the Article also contributes to the economic and legal … 100% reserve- banking proposal during the Great Depression.6 The economics literature, however …

Inputs, outputs, and a theory of production and cost at depository financial institutionsInputs, outputs, and a theory of production and cost at depository financial institutions
onlinelibrary.wiley.com [PDF]
… Functio through Pure Reserve Banking would have benefits for both safekeeping and lending … us of finance and democracy, the Article also contributes to the economic and legal … 100% reserve- banking proposal during the Great Depression.6 The economics literature, however …

Including estimates of the future in today's financial statementsIncluding estimates of the future in today's financial statements
meridian.allenpress.com [PDF]
… Functio through Pure Reserve Banking would have benefits for both safekeeping and lending … us of finance and democracy, the Article also contributes to the economic and legal … 100% reserve- banking proposal during the Great Depression.6 The economics literature, however …


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