Working Paper
Determinants of correspondent banking relationships with the Federal Reserve System
Abstract: In addition to its central banking responsibilities, the Federal Reserve System also plays an important role in correspondent banking. The twelve Federal Reserve banks supply services, including check collection, wire transfer of funds, provision of currency and coin, and safekeeping of securities to thousands of financial institutions.
Keywords: Federal Reserve banks; Banks and banking;
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Working Paper
Publication Date: 1979
Number: 79-01