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Determinants of correspondent banking relationships with the Federal Reserve System

Author

Listed:
  • John P. Segala
  • Bruce J. Summers

Abstract

In addition to its central banking responsibilities, the Federal Reserve System also plays an important role in correspondent banking. The twelve Federal Reserve banks supply services, including check collection, wire transfer of funds, provision of currency and coin, and safekeeping of securities to thousands of financial institutions.

Suggested Citation

  • John P. Segala & Bruce J. Summers, 1979. "Determinants of correspondent banking relationships with the Federal Reserve System," Working Paper 79-01, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:fedrwp:79-01
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    File URL: http://www.richmondfed.org/publications/research/working_papers/1979/wp_79-1.cfm
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    File URL: https://www.richmondfed.org/-/media/RichmondFedOrg/publications/research/working_papers/1979/pdf/wp79-1.pdf
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    References listed on IDEAS

    as
    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.
    2. Lawrence, Robert J & Lougee, Duane, 1970. "Determinants of Correspondent Banking Relationships," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 2(3), pages 358-369, August.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. William P. Osterberg & James B. Thomson, 1999. "Banking consolidation and correspondent banking," Economic Review, Federal Reserve Bank of Cleveland, issue Q I, pages 9-20.

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    More about this item

    Keywords

    Federal Reserve banks; Banks and banking;

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