Utilization of Federal Reserve Bank Services by Member Banks: Implications for the Costs and Benefits of Membership
TLDR
The proportion of commercial banks belonging to the Federal Reserve System has been declining for more than three decades as mentioned in this paper and the percentage of total bank deposits held at Federal Reserve member banks declined from 86.3 percent to 73.8 percent over the same period.Abstract:
nfl I lIE proportion of commercial banks belonging to the Federal Reserve System has been declining for more than three decades. The percentage of banks in the Federal Reserve System decreased from 4~J. 1 per~ cent of all commercial banks in 1945 to 39.3 percent at the end of 1976 (see Chart I). The percentage of total bank deposits held at Federal Reserve member banks declined from 86.3 percent to 73.8 percent over the same period.read more
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Bank regulation when ‘banks’ and ‘banking’ are not the same
TL;DR: Benvenisteef et al. as mentioned in this paper reported that over the period 1978-89, the stock of liabilities of large corporations to banks decreased from 13.7 to 7.6 as a percentage of total assets.
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Clearing and Settlement of U.S. Dollar Payments: Back to the Future?
TL;DR: The Federal Reserve System was formed in 1914 to serve as the nation's central bank to enhance the efficiency and improve the stability of the U.S. dollar payments system as discussed by the authors.
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Economies of Scale in Correspondent Banking: Note
TL;DR: In this paper, the authors investigated the relationship between the scale of a correspondent bank's services to respondents and the short run variability in its demand balances due to banks and found that a bank that serves as a correspondent for a large number of respondents has greater short-run stability in its total demand balances given by banks and lower transaction costs in managing its reserve position than if it served fewer respondents.
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Required reserves, correspondent balances and cash asset positions of member and nonmember banks : evidence from the fifth Federal Reserve district
TL;DR: Increasing membership attrition has stimulated research into the costs and benefits of Federal Reserve System membership compared to the nonmembership alternative as discussed by the authors, which has been shown to improve the economic performance.
Posted Content
The Implicit Deposit Rate Concept: Issues and Applications
TL;DR: In the banking act of 1933, Section 11 of which specified that no bank shall, directly or indirectly, by any device whatsoever, pay an interest on any deposit which is payable on demand as discussed by the authors.
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Journal ArticleDOI
Required reserves, correspondent balances and cash asset positions of member and nonmember banks : evidence from the fifth Federal Reserve district
TL;DR: Increasing membership attrition has stimulated research into the costs and benefits of Federal Reserve System membership compared to the nonmembership alternative as discussed by the authors, which has been shown to improve the economic performance.