Question: What are the differences between depository and non - depository institutions? The financial services industry in the United States has undergone major changes over the

What are the differences between depository and non

-

depository institutions?

The financial services industry in the United States has undergone major changes over the years. For many years, it consisted of two major types of business organizations: depository institutions and non

-

depository institutions. However, today this distinction has become much less clear

-

cut. Now, both groups of institutions may offer many of the same financial products and financial services.

How do depository institutions differ from non

-

depository institutions?

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