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Yeah, so it must be intended for some kind of non-bank financial institutions that can't directly open Fed reserve accounts?
by jey 8y ago
Yeah, so it must be intended for some kind of non-bank financial institutions that can't directly open Fed reserve accounts?
- JumpCrisscross 8y ago> some kind of non-bank financial institutions that can't directly open Fed reserve accounts? This describes every financial institution that isn't a national bank, e.g. broker-dealers, insurance companies, hedge funds, et cetera.