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Memory formation. The hippocampus is the structure of the brains that is most closely associated with memory formation. It is known as the repository for long-term memory and is involved in storing memories from long-term memory to permanent memory. The hippocampus also plays an important role in spatial orientation. Context of memories and experiences
Squire and Alvarez also proposed the idea that MTL structures play a role in the consolidation of memories within the neocortex by providing a binding area for multiple cortical regions involved in the initial encoding of the memory.