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Federal system
Essay specific features
Written by:
Joseph W
Date added:
October 2, 2015
Level:
University
Grade:
B
No of pages / words:
4 / 947
Was viewed:
2890 times
Rating of current essay:
Essay content:
Louis, Minneapolis, Kansas City, Dallas, and San Francisco. In addition some of the regional banks have one or more branch banks attached to them.
All national banks must belong to the system, and state banks may if they meet certain requirements. Member banks hold the bulk of the deposits of all commercial banks in the country...
displayed 300 characters
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Member banks hold the bulk of the deposits of all commercial banks in the country. Each member bank is required to own stock in the Federal Reserve bank of its district and must maintain legal reserves on deposit with the district reserve bank. The required reserves are proportionate to the member bank's own deposits, the proportion varying according to the location of the member bank and the character of its deposits...
displayed 300 characters
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