The cost of membership in the Federal Reserve System

Walter A. Varvel

No 77-01, Working Paper from Federal Reserve Bank of Richmond

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.

Keywords: Federal; Reserve; System; -; Membership (search for similar items in EconPapers)
Date: 1977
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