Required reserves, correspondent balances and cash asset positions of member and nonmember banks: evidence from the Fifth Federal Reserve District

Bruce J. Summers

No 78-03, Working Paper from Federal Reserve Bank of Richmond

Abstract: Increasing membership attrition has stimulated research into the costs and benefits of Federal Reserve System membership compared to the nonmembership alternative. Recent research has contributed to our understanding of the membership question in two important ways.

Keywords: Bank reserves; Banks and banking - Costs (search for similar items in EconPapers)
Date: 1978
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