Federal Reserve Interdistrict Settlement

FRB Economic Quarterly, Vol. 99, No. 2, Second Quarter 2013, pp. 117-141.

Federal Reserve Bank of Richmond Research Paper

25 Pages Posted: 29 May 2014

Date Written: 2013

Abstract

The Interdistrict Settlement Account (ISA) tracks financial flows across Federal Reserve Banks. This article provides an introduction to the ISA and traces its behavior, along with some other components of Reserve Bank balance sheets during the great recession and the financial crisis. We also discuss two important ways in which ISA differs from TARGET2, Europe's analogue to the combination of ISA and the Fedwire funds transfer system.

Suggested Citation

Wolman, Alexander L., Federal Reserve Interdistrict Settlement (2013). FRB Economic Quarterly, Vol. 99, No. 2, Second Quarter 2013, pp. 117-141.; Federal Reserve Bank of Richmond Research Paper. Available at SSRN: https://ssrn.com/abstract=2442988

Alexander L. Wolman (Contact Author)

Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States

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