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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.
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.
The safe room should be adequately anchored to the foundation to resist overturning and uplift. The walls, ceiling, and door of the shelter should withstand wind pressure and resist penetration by wind-borne objects or falling debris. The connections between all parts of the safe room should be strong enough to resist separation by wind.
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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.
So a bank of three may contain six lockers, for example, if they are two-tier lockers. In short, the total number of lockers is the bank size multiplied by the number of tiers. Sometimes the term "bay" is used instead of "bank", although "bank" appears to be the more standard term; on other occasions, "bay" refers to a single locker width ...
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 ...