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The cost of membership in the Federal Reserve System

Author

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  • Walter A. Varvel

Abstract

The disadvantages or \"costs\" associated with membership in the Federal Reserve System, apparently increasing in recent years, have resulted in many existing banks withdrawing from the system and a large majority of organizing banks choosing nonmember status.

Suggested Citation

  • Walter A. Varvel, 1977. "The cost of membership in the Federal Reserve System," Working Paper 77-01, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:fedrwp:77-01
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    File URL: http://www.richmondfed.org/publications/research/working_papers/1977/wp_77-1.cfm
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    File URL: https://www.richmondfed.org/-/media/RichmondFedOrg/publications/research/working_papers/1977/pdf/wp77-1.pdf
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    References listed on IDEAS

    as
    1. Fraser, Donald R & Rose, Peter S & Schugart, Gary L, 1975. "Federal Reserve Membership and Bank Performance: The Evidence from Texas," Journal of Finance, American Finance Association, vol. 30(2), pages 641-658, May.
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    Cited by:

    1. Bruce J. Summers, 1978. "Required reserves, correspondent balances and cash asset positions of member and nonmember banks : evidence from the Fifth Federal Reserve District," Working Paper 78-03, Federal Reserve Bank of Richmond.

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      Keywords

      Federal Reserve System - Membership;

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