If, instead, they cash in bonds and certificates of deposit, and then invest the proceeds in taxable bonds in a 529, they haven't altered their overall asset allocation, but have improved their tax situation.
Low net worth individuals owning a high proportion of foreign currency assets would likely need to sell some of these assets if their cash deposit holdings (in Japan) did not cover their (immediate) needs.
In another a company in Canada tried to buy access to a nickel deposit in Quebec by offering cash and two ice resurfacers for the local rink.
Aussino said the exchange also expressed reservations about Aussino's future access to land critical to its operations citing Myanmar's ban on foreign ownership of land and its post-merger plan to deposit 65% of its cash in Mr. Zaw Zaw's own Ayeyarwady Bank, which also is subject to U.S. sanctions.
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He would write a check from her account in his name, deposit it or cash it.
The northern banks deposit their excess cash there rather than lend in the interbank market.
Much of the cash thus released goes into deposit accounts or is saved in other forms.
They would sometimes deposit hundreds of thousands of dollars in cash, in a single day, into a single account, using boxes designed to fit the precise dimensions of the teller windows in HSBC Mexico's branches.
In response, the department set deposit rates for cash, used as surety for goods, ranging from 34.33 to 60.02 percent on the towers and additional countervailing duties of 21.86 to 34.81 percent to offset Chinese government subsidies.
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Most banks that now have cash prefer to deposit funds at the European Central Bank (ECB), which in turn lends it on to those that are short of it.
Banks can deposit all kinds of collateral with euro-area central banks in return for cash without paying a penalty rate, while, until the latest joint operation, the Fed still demanded a penalty rate as did the Bank of England, which also accepted only high-quality collateral.
And for Italian and Spanish banks, in today's febrile climate there is a strong temptation to put any spare cash on deposit with central banks, even for a guaranteed loss on that money, because they don't want to double up on lending to households and businesses struggling to repay what they owe, and they don't want to be short of cash if capital flight intensifies.
Even in this volatile market, it is not wise to hold all cash or low-earning certificates of deposit.
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Operators, known as hawaladars, pool remittance cash with funds from their other businesses and deposit them into traditional bank accounts or dollar-denominated accounts in Dubai or other financial centers.
According to a banker involved in the deal, none of the "usual" guarantees, such as real estate or cash on deposit with banks, have been put up, the banker said.
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He said the ECB was "technically ready" to take the interest rate on its deposit facility into negative territory - in other words, to charge banks to park their cash with the central bank.
As part of the ongoing scheme, employees and vendors were paid in cash while hundreds of thousands of dollars were hidden in the restaurants, in personal safes, and in bank safe deposit boxes.
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Be aware that taking money out of a retirement account or selling securities at a sizable taxable gain rather than pulling cash from a certificate of deposit, money-market fund, savings or checking account could result in higher taxes on Social Security benefits if it bumps income above a certain threshold.
Indeed, by virtue of bank executives having much of their net worth tied up in the banks they run (bonuses are heavily weighted toward restricted stock in the bank, as opposed to cash), it's a bit of a reach to suggest that deposit insurance--which doesn't protect the share prices of banks from collapse--somehow fosters excessive gambling meant to imperil that same net worth.
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