There are two depositories&colon; Central Depository Service and National Securities Depository. Clearstream operates its International Central Securities Depository (ICSD) from Luxembourg. The company acts as the central securities depository for Switzerland in this area. The investment banks were not subject to the more stringent regulations applied to depository banks. OMX is the world's leading provider of central securities depository (CSD) technology. These entities were not subject to the same regulations as depository banking. This sets a framework on how banks and depository institutions must calculate their capital. A 1974-D is stored at the United States Bullion Depository. There are a few distinct advantages of having a bank as a depository participant. As such, the office has nominal oversight of the United States Bullion Depository. Libertarians favor free-market banking, with unrestricted competition among banks and depository institutions of all types. A depository participant is an intermediary between the investor and the depository. They are the intermediaries between the depository and the investors. The Library was designated as an official depository for U.S. Patents in 1981. JCKL is part of the Federal Depository Library Program.