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Article: Rule Tells Banks Which Fed Bank to Join. (Federal Reserve Board, federal reserve bank)
- Article from:
- American Banker
- Article date:
- June 27, 1997
- Author:
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The Federal Reserve Board adopted a rule Wednesday outlining how institutions that branch across state lines should decide which reserve bank to join.
The rules require officials to look first at the bank's charter. If it specifies a home city, then the bank must join the district that encompasses that area. If a city is not specified in the charter, then officials will require a bank to join ...