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A bank vault is a secure room used by banks to store and protect valuables, cash, and important documents. Modern bank vaults are typically made of reinforced concrete and steel, with complex locking mechanisms and security systems. This article covers the design, construction, and security features of bank vaults.
Safe deposit boxes inside a Swiss bank. Safe deposit vault in Joplin , Missouri after the 2011 Joplin tornado , remaining intact despite the destruction of the bank that housed it. A safe deposit box , sometimes referred to as a safety deposit box , is an individually secured container, usually held within a larger safe or bank vault .
Loans to Insiders (Regulation O) establishes various quantitative and qualitative limits and reporting requirements on extensions of credit made by a bank to its "insiders" or the insiders of the bank's affiliates. The term "insiders" includes executive officers, directors, principal shareholders and the related interests of such parties.
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Reserve requirements are central bank regulations that set the minimum amount that a commercial bank must hold in liquid assets. This minimum amount, commonly referred to as the commercial bank's reserve , is generally determined by the central bank on the basis of a specified proportion of deposit liabilities of the bank.
Bank teller safes typically are secured to the counter, have a slit opening for dropping valuables into the safe without opening it, and a time-delay combination lock to foil thieves. One significant distinction between types of safes is whether the safe is secured to a wall or structure or if it can be moved around.
Count rooms are operated by central banks and casinos, as well as some large banks and armored car companies that transport currency. [1] A count room may be divided into two separate areas, one for counting banknotes (sometimes referred to as soft count) and one for counting coins (sometimes referred to as hard count). Some high-volume cash ...
In 1988, the Basel Committee published a set of minimum capital requirements for banks. This is also known as the 1988 Basel Accord, and was enforced by law in the Group of Ten (G-10) countries in 1992. A new set of rules known as Basel II was developed and published in 2004 to supersede the Basel I accords.