Abstract: An apparatus for depositing a moving fiber strand as folded loops into a storage means includes means for taking off a strand arriving at high speed from a delivery means, an intermediate depositing means for decelerating the strand and for releasing the strand in a folded condition so that the strand will deposit by free fall into a storage means. In the intermediate depositing means, the strand is deflected into a zigzag position to form a plurality of folded loops by guide elements provided in the depositing means. These guide elements are arranged so that the size of the loops constantly are increased during the movement of the strand through the depositing means so that unnecessary tension on the strand is reduced or avoided. Additionally, a conveyor drum is provided beneath the intermediate depositing means for further decelerating the fall of the folded loops into the storage means, e.g., a can or like container.