Which of the Below Statements Is TRUE

Which of the below statements is TRUE?

A) Depository institutions do not include commercial banks (or simply banks) , savings and loan associations (S&Ls) , savings banks, and credit unions.
B) Since their funds are raised through deposits and other funding sources, depository institutions cannot make direct loans to various entities or invest in securities.
C) Depository institutions derive their income from two sources: (1) the income generated from the loans they make and the securities they purchase, and (2) fee income.
D) It is uncommon to refer to S&Ls, savings banks, and credit unions as thrifts, which are specialized types of depository institutions.