carla4997 carla4997
  • 19-11-2018
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banks that joined the fed had to purchase

banks that joined the fed had to purchase class=

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dmcghan dmcghan
  • 19-11-2018

When joining the Fed, banks are required to buy stock in the Federal Reserve System equal to 6% of their capital, with half (3%) held at the banks’ regional Fed.

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