Download This PaperDeterminants of Correspondent Banking Relationships with the Federal Reserve System
22 Pages Posted: 24 Aug 2012
Date Written: November 1979
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.
Suggested Citation: Suggested Citation
Summers, Bruce J. and Segala, John, Determinants of Correspondent Banking Relationships with the Federal Reserve System (November 1979). FRB Richmond Working Paper No. 79-1, March 1, 1979, Available at SSRN: https://ssrn.com/abstract=2116570 or http://dx.doi.org/10.2139/ssrn.2116570
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